defensive sectors acting bullish dailyim not aurprised to see a bullish daily move from a defensive sectir in a bear market ending bull rebound. i think utilities are particularly good at catching this movement. this is a good etf to do that with.
Key stats
About Direxion Daily Utilities Bull 3X Shares
Expense ratio
0.99%
Home page
Inception date
May 3, 2017
ISIN
US25460E7114
UTSL is a leveraged product that resets daily. As such, this is not a buy-and-hold ETF, it is best used for short-term tactical trading. Returns can vary significantly from 3x exposure to its underlying index if shares of UTSL are held longer than a day. The funds underlying index, which is an S&P Select Sector Index, includes electric utilities, multi-utilities, water utilities, independent power producers, energy trades and gas utilities. The index is rebalanced quarterly.
Classification
What's in the fund
Exposure type
Utilities
Cash
Stock breakdown by region
utilities showing RHS (UTSL)reverse head and shoulders may prove defensive sector stocks may be putting in a bottom. these may do well over the weekend as pros, sm, mm, tutues, and some retail may look to these to provide value when rotation is taking money out of growth.
target 33.33 and 33.97
stop loss 32.89 as this would m
nothing stopping utilities from running (utsl)we should still have another bull move somewhere in utilities as defensive rotation continues
LongLooks price found support on the 50 EMA and is bouncing up. RSI trending up. CM-slingshot show the trend is still bullish.
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