On February 10th, we outlined a favorable time-period for going long in Utility sector. So far we have entered trades for XLU, IDU and FXU. Now the entry signal is generated for the last ETF in this sector.
- Go long RYU – Guggenheim S&P 500 Eq Weight Utilities – at or near 66.17
During the last seven years, this trade had a win rate of 86%. The average return has been 7.0% with average holding period of 45 calendar days giving 48% annualized return.
The exit window for these trades will open some time in late April.