vlad.adrian
Short

Utilities are topping too

AMEX:XLU   SPDR SELECT SECTOR FUND - UTILITIES
103 0 5
This is an obvious top for the utilities sector. A weird H&S pattern at the all time high, with bearish divergences on Force Index and a change in behavior on the Weis Wave.

The moves on the Utilities sector are very volatile, and I wouldn't trade them. I believe there are better opportunities to short this market. This is a chart just to show another top in a sector.

The monthly chart also shows a massive change in behavior
snapshot
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