SELECT SECTOR SPDR UTILITIES SECTOR ETF - XLU
Monthly chart shows indecision between the bulls and the bears. No buy signal/pattern evident on this timeframe.
Weekly chart shows consolidation/trading range in place. price is current below all key moving averages. Last week's trading activity resulted in a doji, indicating indecision between the bulls and the bears.
Daily chart better shows the consolidation range the market has been stuck in since the January low. Look for continued weakness and a lower low.
Saturday, March 29, 2008
Utilities Sector Update for 03.29.2008
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