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.

1 comment:

brd said...

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

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