Wednesday, September 16, 2009

Utility Index Ready To Rally

The Utility sector ($UTIL) is a laggard to the major indexes. With the $SPX hitting 1060 today, it has given a bullish signal. Watch the $UTIL break over the 380/390 level and make a run. I'm suggesting the ProShares Ultra Utilities (UPW) around $36 level, currently $35.80

*click on chart to expand

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