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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?

To: SilasSan who wrote (12491)	6/23/2003 1:20:05 PM
From: James Strauss	Respond to of 13094

If I chart $TNX and $TYX versus $UTY back to 1994 I can see a clear reciprocal effect of interest rates on the $UTY. Rates up, utilities down and vice versa. About mid 2002 I see a utility sector driven hot by bubble-shy investors (desperate to invest in some kind of stock) relaxing but the trend I expect holds. Most recently I see rates down and utilities up. Good analysis Silas... By and large there is an inverse relationship between interest rate direction and the price performance of the utilities index... But, as you can see from the two year chart there are times when they rise and fall together... In October of 2002 and January and March of this year the utility index rose along with interest rates... chart.bigcharts.com This more recent chart from March through June of this year clearly supports your analysis of the inverse relationship between falling interest rates and rising utility index prices... chart.bigcharts.com Over the last two weeks interest rates and utility index performance have been moving in the same direction... From a short term trading perspective it's helpful to use this data... Over the longer term using the inverse relationship for investing purposes is the way to go as you suggest... bigcharts.marketwatch.com Jim