I will keep this short and to the point. Utilities remains an Indicator of "Flight to Safety". I believe recent moves in GOLD will confirm this.
Last 21 Days of Sectors vs. SPX:
Note how Utilities are UP almost 7% and demonstrating strong Relative Strength vs. the SPX. Even more important notice the weakness in Financials. A Bull market requires strong Financials.
$XLU looks poised for a pullback here & that offers opportunity. Worth tracking price action here.
Want some exposure to Utilities?
RYU
FXU
XLU
VPU
UPW
IDU
JXI
PUI
IPU
FUTY
Cheers.
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