The Canadian Technician

$UTIL breaking out

Greg Schnell

Greg Schnell

Chief Technical Analyst, Osprey Strategic

As a follow up to the article on utilities, here is the relative strength in purple, starting to move higher.

$UTIL 20120312 4 month view

Looks like the love of stability is starting to return.

Good Trading,

Greg Schnell, CMT

Greg Schnell
About the author: , CMT, MFTA is Chief Technical Analyst at Osprey Strategic specializing in intermarket and commodities analysis. He is also the co-author of Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the CMT Association and the International Federation of Technical Analysts (IFTA). Learn More