Utilities Sector Review

Relative Strength:

• XLU is the 10th best of 11 major S&P sectors on a YTD basis having advanced almost 10% YTD. The current 3-week winning streak has gained by a tepid 5.2%. Last week's 2.4% advance was the second-best WEEKLY gain in last 6 months. Has made back just more than half of the strong 4 week sell-off the weeks ending 9/10-10/1, many in above-average WEEKLY volume.

Individual Names:

• Best of breed name up more than 9% YTD and the stock rose 3.3% last week besting the XLU's advance of 2.4%. On the WEEKLY chart name is sporting a bullish ascending triangle pattern 9 months long. Break above 87 pivot carries a measured move to 107.

Alternatives:

• The name is 5% off most recent 52 week highs and has encountered trouble at round 30 number four times now since June '20. Eight weeks since the week ending 6/5/20 have been above round 30 number, but just 2 have CLOSED above with those finishing just at 30.04 and 30.09. Break above 30.20 carries a measured move to 37.

Relative Strength:

• XLU is the 10th best of 11 major S&P sectors on a YTD basis having advanced almost 10% YTD. The current 3-week winning streak has gained by a tepid 5.2%. Last week's 2.4% advance was the second-best WEEKLY gain in last 6 months. Has made back just more than half of the strong 4 week sell-off the weeks ending 9/10-10/1, many in above-average WEEKLY volume.

Individual Names:

• Best of breed name up more than 9% YTD and the stock rose 3.3% last week besting the XLU's advance of 2.4%. On the WEEKLY chart name is sporting a bullish ascending triangle pattern 9 months long. Break above 87 pivot carries a measured move to 107.

Alternatives:

• The name is 5% off most recent 52 week highs and has encountered trouble at round 30 number four times now since June '20. Eight weeks since the week ending 6/5/20 have been above round 30 number, but just 2 have CLOSED above with those finishing just at 30.04 and 30.09. Break above 30.20 carries a measured move to 37.