Our Utility Sector trading model has produced a sell signal.
We first went bullish on the Utility Sector on April 2, 2012 (“Utility Sector: Positive”), and in this article, I presented the mechanics of this strategy. There was a second article written on April 27, 2012 entitled “Looking for Safety: Check Out Utility Sector”. Since the initial “call” and through Friday, the Utility Sector is up nearly 6%. Over the same time period the SP500 is off by 3.7%.