Invesco S&P 500 Equal Weight Utilities ETF

  • RSPU

  • $67.22

  • +0.03%

  • $67.64

  • $67.72

  • $67.20

Ticker Appearances

Wed, October 9, 2024 | 2:52PM ET

⚡ FlashInsights

Wed, October 9, 2024 | 2:52PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
NRG -0.36%  and VST -0.34%  both lower by more than 4% today as the Power generation stocks start to retreat after huge rallies over the last month. VST had actually surpassed NVDA over the last month to be ^SPX -0.51% 's top performing sector and is still up =217.65% vs. NVDA's +165.74% in Year-to-Date terms through 10/9/24. NRG -0.36%  as shown below, is pulling back and should retest the pivot point of its breakout which I expect to be strong support on this decline.. this should come in between $85.50-$86.50 and provide a counter-trend rally. The key takeaway is that the selling pressure in Utilities remains early to make any larger calls on this sector. On a relative and absolute basis, XLU -0.17%  and RYU are still trending higher on an intermediate-term basis, and i expect this recent near-term selling pressure should prove short-lived.
Tickers

Daily Technical Strategy
Mon, October 7, 2024 | 7:22PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Crude, FXI, Utilities & Treasury yields all getting close to resistance

SHORT-TERM US EQUITY TRENDS LOOK TO HAVE TURNED BACK HIGHER LAST FRIDAY FOLLOWING A CHOPPY PERIOD OF CONSOLIDATION IN RECENT WEEKS.   DESPITE A PLETHORA OF...

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Daily Technical Strategy
Tue, June 18, 2024 | 6:24PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Utilities is being raised to Neutral technically on recent weakness

S&P IS GROWING CLOSER TO ITS SHORT-TERM UPSIDE TECHNICAL TARGET OF 5521, WHILE QQQ ALSO IS NEARING RESISTANCE A BIT HIGHER THAN 483-5 MENTIONED LAST...

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Daily Technical Strategy
Thu, May 9, 2024 | 6:33PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

What does this surge in Utilities mean for the Stock market?

EQUITIES HAVE EXTENDED GAINS AND HAVE NOW COME WITHIN STRIKING DISTANCE OF LATE MARCH PEAKS.   SPX HAS NEARLY RECAPTURED ALL OF THE PERIOD OF WEAKNESS...

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Daily Technical Strategy
Wed, March 27, 2024 | 7:09PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Sub-sector analysis of some of 1Q’s best performing groups

PLEASE CLICK HERE TO VIEW MY APPEARANCE ON FOX BUSINESS NEWS THIS AFTERNOON. I CONTINUE TO SEE THE US STOCK MARKET AS BEING ATTRACTIVE, TECHNICALLY SPEAKING, AND...

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