sdeutsch95

Risk-On is on the Menu

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AMEX:SDP   ProShares UltraShort Utilities
Inverse Head & Shoulders on UltraShort Utilities. There is a daily H&S on XLU, but look at SDP on the weekly. First time --EVER-- that you can find a bullish reversal pattern on SDP. Fewer people buying / building homes + higher energy prices. We are entering an era of being short utilities, regardless of the market defensiveness that they represent.

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