Dow Jones Utility index could trade like the FANGs - Update

The Dow Jones Utility index is a place to hunt for yield and this index also provides a clue as to when the DOW may top out.


Prior post: Dow Jones Utility index could trade like the FANGs

Most of the time the Dow Utility Index tops out 1 to 6 months before the Dow Industrials.

Therefore the good news is while the Dow Jones Utility index managers to creep higher it is still a 'all is well' signal to be long risk on assets.

When a typical topping pattern begins to build (head and shoulders) with the utility index this will be a true signal of a major re distribution of assets which will most likely be a major risk on top for all stock indexes. 

Then 'Are we there yet?' will be answered. 

Original Post: https://ift.tt/tP0l4GY