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Dow Jones Utility index could trade like the FANGs – Update

Courtesy of Read the Ticker

dow-jones-utility-index-could-trade-like-the-fangs--updateThe Dow Jones Utility index is a place to hunt for yield and this index also provides a clue as to when the DOW may top out.



Prior post: Dow Jones Utility index could trade like the FANGs



Most of the time the Dow Utility Index tops out 1 to 6 months before the Dow Industrials.



Therefore the good news is while the Dow Jones Utility index managers to creep higher it is still a ‘all is well’ signal to be long risk on assets.



When a typical topping pattern begins to build (head and shoulders) with the utility index this will be a true signal of a major re distribution of assets which will most likely be a major risk on top for all stock indexes. 



Then ‘Are we there yet?’ will be answered. 





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UTIL




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Investing Quote…



..”Money cannot consistently be made trading every day or every week during the year”..



Jesse Livermore Trading Rule







..”Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway”..



Warren Buffett





..”Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it”..



Warren Buffett





..”What greater wealth is there than to own your own life and spend it on growing”..





Ayn Rand



..”The problem with socialism is that you eventually run out of other peoples’ money”..





Margaret Thatcher








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