We have seen a change in sector leadership over the past few days. Defensive sectors XLV (Healthcare) and XLU (Utilities) now show strong bull/bear ratios and lead the S&P. We currently have 2 positions in the Drugs industry group, LLY and ACT. XLK ( Technology) has cooled, and we've stopped out of HPQ. See our Sector Analysis here. As money has shifted to the typically high yielding XLU, generally thought of as a "flight to safety" , we entered a defensive trend trade in PCG (Pacific Gas & Electric) on a Chaikin Analytics Money Flow Buy Signal. PCG has a Bullish Chaikin Power gauge Rating, with Analyst Opinions and Insider Buying very positive. The Overbought / Oversold oscillator has entered Oversold territory and has begun to turn up. See our trade entry here. We have position sized for our account and set our stop 3% below support at 41.71 Happy Trading - Mike & AA
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