Patterns suggested on 2/8 that the Dow Jones utilities index was facing key resistance and that we might be able to use the next big move in utilities to our advantage. (see post here)
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Could a breakdown in the conservative Utilities index reflect better times are ahead for the economy and rates might be moving higher? Anything is possible for sure!!! Would sure want to harvest right now if long this index!
Transports are breaking out of their diamond bottom as well.