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.
Monday, December 5, 2011
SDP Ultrashort Utilities Weekly Chart Positive Divergence
SDP is a thinly traded inverse ETF for utilities; it moves opposite to UTIL. Note the blue falling wedge and positive divergence that bounced price in November. Now a lower low prints at 34.00-34.20 with the green positive divergence so SDP is fueling up, ready for another launch. Projection is for higher prices moving forward in concert with the utilities sector drifting lower. 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 financial advisor before making any investment decision.
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