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16 September 2013

 

XLU - US Utilities Select Sector SPDR ETF

Limit sell order of XLU filled at 37.74 with profit.

Interest rate kept on rising recently and will continue to do so after FED tapering, which reduces attractiveness of utilities and is thus bad for utilities. wanted to sell badly once hearing impending FED tapering not long ago. Selling at SMA200 shouldn't be a bad deal.

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