My latest piece at TraderPlanet this week takes a look at the relationship between Technology (XLK) and Utilites (XLU). Both are the only two S&P sectors to not break above their 200-day moving averages as of Friday’s close and XLU has been leading XLK during the recent run up in equities.
Here’s a blurb:
After the run equities have had, taking the S&P 500 past its 200-day moving average, we can take a look at how the nine S&P sectors have performed in relation to their respective 200-day moving averages. So far, all but two sectors have cleared their 200-MA, giving equity bulls some confidence. The two laggards are Technology (XLK) and Utilities (XLU).
Head over to read the rest: Technology Sector Lags Behind Utilities (TraderPlanet)
Disclaimer: Do not construe anything written in this post or this blog in its entirety as a recommendation, research, or an offer to buy or sell any securities. Everything in this post is meant for educational and entertainment purposes only. I or my affiliates may hold positions in securities mentioned in the blog. Please see my Disclosure page for full disclaimer. Connect with Andrew on Google+.
