Utilities Getting Ahead of Themselves
Long term bullish on Utilities, but this is quite the move over the last few weeks.
Looks exhausted with the latest Friday candle forming a -> dark cloud cover.
Also interest rates have not dipped that much to push this interest rate sensitive sector higher, perhaps hype around AI energy usage is driving this.
Trade: Short term pull back -> bear credit spreads
Looks exhausted with the latest Friday candle forming a -> dark cloud cover.
Also interest rates have not dipped that much to push this interest rate sensitive sector higher, perhaps hype around AI energy usage is driving this.
Trade: Short term pull back -> bear credit spreads
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Moving sideways like a bull flag, I think it wants to consolidate and run more.