Utilities Select Sector SPDR Fund

  • XLU

  • $81.45

  • -0.54%

  • $82.15

  • $82.27

  • $81.42

FSI Sector Allocation

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 -1.46%  and VST -2.27%  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 0.33% '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 -1.46%  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 -0.54%  and RYU are still trending higher on an intermediate-term basis, and i expect this recent near-term selling pressure should prove short-lived.
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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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Wed, January 31, 2024 | 1:08PM ET

⚡ FlashInsights

Wed, January 31, 2024 | 1:08PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥
Today's US Equity market outperformance has been all Defensives.. and Utilities have risen back to an area of "make-or-Break" resistance after this bounce. Note, the XLU bounce happened exactly as rates started tumbling this past week- However, I don't suspect this rate move lasts and should start to turn back higher. If this is the case, thanXLU -0.54%  probably will hold 62.50 and turn back down- but that area near prior swing lows is paramount to this rally continuing and i expect it likely holds, for now. if this 62.50 is exceeded, than a much larger Utility rally is underway which for now, I'm a bit skeptical of. Keep a close eye on TNX.
Tickers

Daily Technical Strategy
Wed, January 24, 2024 | 6:16PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

What TSLA’s cycle says about a potential bottom

SPX AND QQQ AT NEW ALL-TIME HIGH TERRITORY HAS NOT YET BEEN FOLLOWED BY SIMILAR MOVEMENT FROM RUSSELL 3K, VALUE LINE AVERAGE, AND DJ TRANSPORTATION...

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