Capped Utilities Index Returning into Phase II

Submitted by Ducimus Plinius

I noticed yesterday a visitor on my site consulted the charts of the S&P/TSZ Capped Utilities Index.

This drew my attention to the charts and I noticed that after about 2 years of trading sideways, the sector charts is giving indication that it may actually be returning into Phase II. Yes, it does happen once in a while that Phase III is followed by another Phase II; a rare occurence but possible.

So while it is still early to confirm this, stocks in the utilities sectors are worth watching from afar.

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