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Created on: 4/8/2022 10:54:11 PM Last Update: 4/8/2022 11:47:00 PM Posted by: RTT
1 POST
Dow Jones Utility index could trade like the FANGs - Update
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 The 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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NOTE: Posts here are the lite version, more depth on each subject can be found via our RTT Plus membership.
Changes in the world is the source of all market moves, to catch and ride the change we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to ride the change, after all these methods have been used successfully for 70+ years.
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Investing Quote...
.."Nothing new ever occurs in the business of speculating or investing in securities and commodities."..
Jesse Livernore Trading Rule
."Buying stuff people hate, that's the business we are in, right!"..."you may need to have a longer time horizon"..."be patient"..
Mark Yusko
.."Fundamentals might be good for the first third or first 50 or 60 percent of a move, but the last third of a great bull market is typically a blow-off, whereas the mania runs wild and prices go parabolic... There is no training, classroom or otherwise, that can prepare for trading the last third of a move, whether it's the end of a bull market or the end of a bear market."...
Paul Tudor Jones
.."Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it"..
Warren Buffett
.."So you think money is the root of all evil? Have you ever asked what is the root of money? Money is a tool of exchange, which can't exist unless there are goods produced and men are able to produce them. Money is the material shape of the principle that men who wish to deal with one another must deal by trade and give value for value(...) Money is made possible only by the men who produce. Is this what you consider evil?"..
Ayn Rand
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We at readtheticker.com hold the view that a mix of stock chart technical analysis, Richard Wyckoff, William Gann and Jim Hurst methods plus market fundamentals allows the investor to formulate a very sound market opinion. These attributes are mutually inclusive and must be weighted equally before investing or trading in any Stock, ETF, Currency, Bond, Commodity, CFD or Mutual Fund
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