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In the table below, a scan has been run of the sector ETFs. This table combines seasonal strength in column two and relative strength in column three. The utility sector has the highest combined rank.

Combined Seasonal and RSV Rank

The top spot is held by the utility sector. Over the last 24 years, this sector has risen 84% of the time in April. A 2-year relative downtrend has been broken to the upside. In absolute price, this sector has risen to new highs. The weekly chart shows a breakout from a 2-year triangle that projects a $90 price target.

The monthly histogram shows the April strength. The next cycle peak is in May.

Utility Sector Weekly


Utility Monthly Histogram

Blue: Average Percentage Change

Red: Probability of a rise in that month

Green: Expected Return (Product of the first two)

Source: Forbes

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