Utilities SPDR Leads and Forms a Bullish Cup-with-Handle Pattern
The Utilities SPDR (XLU) is virtually alone at the top as it trades near a 52-week high. A bullish cup-with-handle is taking shape and a break above resistance would signal a continuation higher. After showing relative weakness from January to mid March, the ETF started outperforming in mid March as the Price Relative turned up.

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