Utilities Getting Ahead of Themselves

Long term bullish on Utilities, but this is quite the move over the last few weeks.

Looks exhausted with the latest Friday candle forming a -> dark cloud cover.

Also interest rates have not dipped that much to push this interest rate sensitive sector higher, perhaps hype around AI energy usage is driving this.

Trade: Short term pull back -> bear credit spreads

Ordre annulé:

Moving sideways like a bull flag, I think it wants to consolidate and run more.