Updated Utilities...


Utilities are looking very good here.
As we see from the charts above, the group looks to be in a break out rally stage. Money is flowing into the group as international tensions still play a role on the global markets and the fact that the public seems to be lightening up on retail sales spending (more likely due to high gas prices). There is also the increased speculation of M&A activity within the group. As more and more cash comes into the group via PIPEs and mergers, it is bound to become evident that these investment seekers are looking for higher returns.

The IDU and XLU are showing great signs that the recent downtrends from this past spring have expired and are showing signs of bullish sentiment. Watch these groups if there is continued weakness on the international front, which is more than likely considering there have been train bombings in India (which could be from al-Qaida)

Some names that might catch your interest....

EXC - Exelon Corp.
AEP - American Electric Power Company Inc.
SJI - South Jersey Industries
EP - El Paso Corp.  ¶ 3:12:00 PM