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Monday, June 17, 2024

“Powerful sector” up against key resistance…

Courtesy of Chris Kimble.

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Utilities (XLU) has powered ahead of the 500 index by over 10% YTD.  Now XLU is up against key resistance, some dating dating back the 2007-2008 lows.   A breakout would be a positive for the broad market, yet resistance has to be broken first. Keep a close eye on this relative strength performer!

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