Courtesy of Read the Ticker
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.
Click for popup. Clear your browser cache if image is not showing. 
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.
This post is a delayed and small sample of what is avaliable to members. Sign up to enjoy the full service.
Support this work by buying us a hot drink by CLICKING HERE. If you would like make greater contribution, please make a donation by CLICKING HERE
NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net
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
