TheSocialCapitalist
Oct 7, 2:36 PM
Thank Me Later 👀
I told y’all I was watching
$XLU for a turnaround, and yesterday we finally got the move I wanted to see.
$XLU jumped 2.98% on 52M shares after bouncing near its long-term EMA180 around
$40. Stoch RSI is curling up from oversold, but EMA9 is still below EMA34 and SAR hasn’t flipped yet, so I’m not calling the reversal confirmed.
What changed is the business story behind it.
$GOOGL just signed a power agreement with
$CEG covering 3,590 MW, including 890 MW of additional nuclear capacity.
$AMZN also signed a 20-year nuclear deal with
$CEG.
AI needs chips. Chips need data centers. Data centers need a ridiculous amount of electricity.
The Dec 18
$40C tells you how quickly traders noticed. It jumped from
$1.45 to
$2.15, up 48% in one session, with 2.29K volume and 10.69K OI.
Now I’m watching
$40 hold, then a reclaim of EMA9 near
$41.72. Above there, EMA34 around
$43.51 becomes interesting.
This is why we watch them early. 👀
