Just kicking back on a Sunday afternoon, looking at some sectors and notice the XLU catching a bid the last couple of days. As we get closer to S&P 1230, the infamous "scene of the crime". If we start to get some weakness in the next few weeks, I will be watching this one like a hawk. Utilities have pretty much been dead money this year so far as the machines and the people who program them have been piling in to real estate and regional banks. The utilities would seem to be a smart place to park some cash if we do start to roll over here, although with the overall lack of fear in the market lately, we may have to wait a week or two for this to occur.
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