As a valued reader of Chuck Hughes’ Trade of The Day, you have qualified for complimentary access to the Weekly Profit Opportunity, in this new alert, we will spotlight a specific trading opportunity that we feel has great potential. As a key part of Chuck’s Optioneering Team, I work closely with Chuck throughout the week to review various setups and we select one we feel is ripe for a favorable move. Watch the video below to see our breakdown of this trade opportunity.

In the past week’s trading, we saw all three major indices close down for the second consecutive week. One sector that has shown great weakness this year in the face of rising treasury yields has been the Utility sector. Should treasury yields remain elevated or continue to rise, we expect the Utility sector to experience further downside pressure. The trade opportunity that Chuck and I have found stands to gain should this scenario play out.

Thank you,

Blane Markham

Technician

Hughes Optioneering Team