XLU is showing signs that its recent rally maybe coming to close and start selling off for a period of time
XLU is running hot right now and is due for a pullback. Best to wait on the sidelines until after its coming sell off before adding to any positions
- XLU is currently one of the top sector ETFs for defensive move
- Its turn around over the past year shows the rotational shift away from risk to defensive
- Currently its recent rally is looking to come to an end.
- Best to wait before making anymore purchases of XLU
XLU is running hot right now and is due for a pullback. Best to wait on the sidelines until after its coming sell off before adding to any positions
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.