I must tip my hat with gratitude toward the Dow 15 Utilities, as they have continued to maintain their superbly bearish diamond pattern. Almost every day, my XLU position tries to fake me out, with the index lifting well into the green, only to stumble and tumble once more. The fact that, on an insanely bullish “up” day like this one, the index only eked out a 0.2% gain, is also encouraging.
