Don't Ignore This Chart!

XLU bucks the trend

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Stocks were down sharply in afternoon trading on Tuesday, but the Utilities (SPDR) was bucking the trend with a small gain. As this screen grab from the Market Summary page shows, XLU was the only sector in positive territory. Looks like utilities like low interest rates.

100824xlu
Click this image for a live chart.

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Arthur Hill
About the author: , CMT, is a Senior Technical Analyst at StockCharts.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
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