During my todays after market stock chart analysis and ETF chart analysis I noticed bearish development in Utilities sector.

And ETR stock chart is very good example. There is bearish chart pattern visible on the chart. It offer nice short swing trade setup.

Also ETF chart of Utilities sector ETF (XLU) is bearish with heavy press on important support.

This entry was posted on Tuesday, March 25th, 2008 at 4:15 am and is filed under ETF analysis, ETF trade setup, Stock chart analysis, Stock pick. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.