#XLU proceeded to rally 10% over the next month and 18% over the next 2 months.
#BULLISH #XLU #SO #VST #CEG #NEE #NRG #DUK
This ratio telling us that Utilities stocks are extremely oversold right now relative to the overall market.
Utilities stocks like #VST #SO #CEG are great buys right now with AI infrastructure tailwinds.
Todays price action in Utilities should send this toward 0. This index is telling us that Utilities stocks are extremely oversold at this time. This makes stocks like #VST very attractive longs right now.
This index is the ratio of energy stocks trading above 20 ma vs NYSE stocks trading above 20 ma.
The price action in this index ratio is telling me Oil and Gas stocks should outperform overall market to the upside in the short term.
#BULLISH #XLE
The price action in the index is a headwind 4 stocks
The price action in the index is a headwind 4 stocks