Monday, April 02, 2007

Utilities Break Out Today



Utilities were very strong today and have broken out to multi year highs! Notice how strong the relative strength line has been since the beginning of the year. Around March 13th when the S&P was getting hit, the utilitie's relative strength line was breaking out to a new high. It's not a surprise that the index is now where it is.

Posted by Kevin

Labels: , ,

1 comment:

brd said...

Nice find! Looks like XLU might be a good play. Very impressive uptrend on the weekly chart.

12:56 AM

Post a Comment

Subscribe to: Post Comments (Atom)
Money-Making Ideas

DISCLAIMER

This site may include market analysis. All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational purposes only and should not be construed as a recommendation to invest, trade, and/or speculate in the markets. Trading and investing involves high levels of risk. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.
 
Google
Technorati Profile Finance Blogs - Blog Top Sites