SELECT SECTOR SPDR UTILITIES SECTOR ETF - XLU
Monthly chart shows bulls holding current support off the 34ema. 
Weekly chart shows a small doji candle pattern created with last week's trading activity, indicating indecision between the bulls and the bears.
Daily chart shows price below the 200sma and the 8ema. Price action has traced an abc 3 wave pattern since the low was made in January. Look to next week's trading activity to see whether this is the beginning of the next leg down.
Sunday, April 13, 2008
XLU Update for 04.13.2008
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