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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 681.89+0.3%Oct 31 5:00 PM EST

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To: Bert who wrote (49976)5/9/2013 9:32:41 PM
From: Fintas   of 218280
 
The positive to the Utilities is that they have not come close to making any significant moves in their positive trend, relative strength pattern or stocks in relative strength. That suggest while others HAVE done such and are also extended. The fact is if they are all making highs in those indicators then the chances are they are going to turn down.

I'd be slower to sell a good utility versus holding on to some insurance company that is overbought.

I can see the spx selling off while many sectors roll yet gas and elect utility bucking the trend.

Just an Opinion and those with Dorsey Services should be able to take a peek at their indicators and make a decision

Fintas
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