AthenaCapital

TSX Utilities - Interesting juncture

TSX:TTUT   S&P/TSX CAPPED UTILITIES INDEX
Second test of the 200 dma for the utilities and what comes next ?

Obvious prior tests of 200 dma have led to nice rallies will we see the same this time ?

Utilities are notoriously defensive stocks held as last resort for safety and yield

My thoughts are stay patient and don't be a cowboy for now lots of stocks in this sector are showing a lot of weakness don't try to buy the dip too soon most likely will get more opportunities in 2022

favorites amongst this sector are TA - FTS - SPB

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