A Rough Ride for Utilities

Arthur Hill
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com

The chart below shows the Sector MarketCarpet over the last five days (29-Apr to 5-May) and utility stocks are the weakest. The average stock in the sector is down over 2% during this timeframe, which is why the box is dark red. Healthcare and technology stocks also came under selling pressure, but not as much as utilities. The average healthcare stock and average technology stock are down around 1%. Materials are holding up the best and this sector is the only one still in the green, which means the average stock in the sector still shows a gain, albeit a small gain.


Click this image for a live chart.


Click this image for a live chart.

Arthur Hill
About The Author:

Arthur is the Chief Technical Strategist at TrendInvestorPro. Focused primarily on US equities and ETFs, his systematic approach of identifying trend, finding signals within and setting key price levels has made him an industry-leading technician. Learn More 

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