In the past, the Utilities index was impacted by large interest rate swings. Right now the DJ Utilities index finds itself facing key resistance in the chart below.
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If long Utilities, I would guard values with a stop due to the resistance at (1). Short and long-term bonds are on key support levels right now. The index could very well give us a clue to the next big move in rates. Key an eye on this index.
Game plan…Buy a breakout if it takes place.