Thank you

Thx. We’re safe but the winds & storm surge we we live were worse than forecasted. Power & internet outages from the wind & backyard/pool/boat dock is a mess but all good here. Two different couples near us that were still rebuilding from Hurricane Ian which annihilated this area almost exactly 2 yrs ago had their homes flooded…again (saltwater surge) so we were lucky.

Yes, XLU still looks like a good setup to me with the key word being “setup”. I added it as a active trade recently in anticipation of a breakdown below the rising wedge (which was also the alternative & higher-probability entry) and although that hasn’t happened yet, XLU will still very much offer an objective short entry or add-on (for those that already took a starter/fractional short position) on a solid break and/or daily close below the wedge (uptrend line).