iBankCoin
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

You Can Run But You Can’t Hide, Counselor

Cape Fear 1

Consistent with a broad market correction spreading its wings, with the risk being of a much deeper pullback, even the sacred utilities and consumer staples are showing signs of fatigue with the daily chart sector ETF’s, below, prating reversal candles.

Let’s see how they close. But, in a real correction, not seen since 2012, you can run but you cannot hide for very long.

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XLP

 

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XLU

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8 comments

  1. Berniecornfeld

    Well done Chess. You have played this correction perfectly

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  2. The Fly

    LOL

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  3. The Fly

    Pic and title made me laugh.

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  4. The Fly

    Chess

    I’m glad you have fun with them. Like me, you probably get a kick out of it.

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  5. Herd Mentality

    That pic killed me. Such a great movie. Nic Nolte FTW though

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