From now utilities are more bearish than bullish as bulls fail to maintain gains and move back into the range.
Prior pivots for trading this week are 52 and 50.86 on XLU. Don’t get too bearish until XLU broke and hold below 50.86, if we broke and hold below 50.86 watch for follow through to clear 50.50 trading weak sub-sectors/stocks.
Strong stocks :
PCG, SRE, PPL, AEE, CMS, CNP, PNW.
AEP, EIX, ED, PEG, XEL, WEC, ES, AWK, LNT.