XLU outperforms

Despite the two huge bearish candlesticks of the last two sessions that brought price below its 10- and 20-day exponential moving average, XLU – the Utilities Select Sector SPDR Fund - hasn’t moved below its 50-day exponential moving average yet.

XLU’s MACD is still in bullish territory, although MACD is close to its signal line.

As XLU 9s doing better than SPY since early May, its Relative Strength is moving up and above its 20-day exponential moving average.

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