5.9k Share this

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

MORE FOR YOU

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

5.9k Share this
You May Also Like

KATE MUIR freaks out at a psychedelic banquet of David Bowie footage in Moonage Daydream

Spotlight on a shy chameleon who became the Da Vinci of pop:…

Large Crypto Losses May Not Become Instant Tax Write-0ffs, But Here’s What You Can Do

Tired businesswoman in the office getty What Happened The recent crypto market…

Wagatha Christie documents released as trial ends include shocking Rebekah and Jamie Vardy messages

As the blockbuster Wagatha Christie courtroom showdown has come to a close,…

DOMINIC LAWSON: It’s Jamie Oliver’s stance on cheap meal deals that’s the real mess

Nostradamus, I am not. Yet I was still able to forecast well…

Episode 14 Is Another New Season 7 Low

Wes goes full evil in the latest ridiculous episode of Fear The…

HSBC faces calls to sack financier over speech saying ‘who cares if Miami is underwater’

Storm over banker’s anti-climate change tirade: HSBC faces calls to sack financier…

PayPal looks to embrace all possible crypto and blockchain services

Global payment giant PayPal is doing its best to bring all possible…

Alzheimer’s Researchers Probe New Treatment Paths

The commercial failure of Biogen Inc.’s drug Aduhelm is putting new focus…