Utilities Select Sector (XLU)

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XLU in various Time Frames - If the XLU maintains its ability to continue its uptrend then a case could be made for buying based on that but it is not actually oversold on the weekly chart either. Also pay attention to volume because it leads price. High volume selling recently indicates a higher degree of probable downside ahead than in previous months. Utility stocks generally are some of the last to fall when the economy heads into a recession: