Is It Safe to Play It Safe?

Some of the solid dividend players have been hit hard over the last month, and pullbacks in many of these normally safe bets have exceeded 10% in the period. The question now is: Is it safe to play it safe, again?

On May 23, I wrote that the Utilities Select SPDR (XLU) had broken down from a head-and-shoulders topping formation, and followed up the piece on June 6, noting that the pattern target had been met at the 50% retracement level of the 2012 low and the 2013 high. The move from the top of the head to the retracement level was over 9%, and since then the price action has been positive and looks like consolidation....277 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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