Algokid

Food For Thought : Utilities (XLU) vs. The markets (SPY)

BATS:SPY   SPDR S&P 500 ETF
240 0 1
Utilities stocks are good leading indicators for the market. We can see on the chart that XLU             ( Black and White Candle), has broken it's resistance. This is more visible on the weekly chart. Are we near the top ? will the markets follow ?

Cheers

Algo
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