Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
Thursday, March 31, 2011
SDP Ultrashort Utilities ETF Weekly Chart Oversold Falling Wedge Positive Divergence
SDP ultrashort utilities ETF maintains its oversold, falling wedge and positive divergence set up forecasting a nice pop coming, which means utilities will fall. This is significant since utilities typically lead the broad markets, hence, this chart forecasts trouble for the indexes as the days and weeks play out. Looks like all up for SDP from here on out. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.
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