Utility Stocks Update

On November 20th I spoke about how I felt the Utility stocks were about to breakout. As you can see in the above chart, the utility index has indeed broken out to new highs and has had a very nice two week rally. I sold about half my long position today in the close and I'll hold the rest. I think there might be more room left to the upside.. I'll use a trailing stop for the remainder of my long position.