Utility names are basing out, keep an eye out for a breakout movUtility names are basing out, keep an eye out for a breakout move higher in the short term
VPU trade ideas
VPU $VPU Initial ShortVPU $VPU Initial Short. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
VPU starting to pull back? VPU tracks a broad-based, market-cap-weighted index of US utilities companies.
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Utilities trading rangeUtilities have been trading in a tight range since the pandemic. Buy when it gets to the bottom of the range, sell/trim or write covered calls when it gets to the top of the range.
VPU weekly chart - might be ready to plunge - 5/17/2016I want to be very cautious about VPU as a correction might be underway.
VPU weekly - similar to June 2008? - 2/28/2016Looks similar but uncertain. But the real deal is if it will ever break the red support. We will see.
VPU weekly - had a golden cross - 2/12/2016VPU had a golden cross last week but this week was down hard. So far on the weekly it is still bullish.
VPU update - short term bullish - 3/16/2015Strong rebound for the past 4 trading days due to oversold.
