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It's time to sell utility stocks, which are overbought and expensive, according to Carter Worth

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Utilities Select Sector SPDR Fund News

Entertainment,Markets,Breaking News: Markets

The technical analyst gives the breakdown on the Select SPDR Utilities ETF.

From time to time in markets, a single area or theme in the market gets "so embraced", "so believed in", "so relied on" that the theme in question becomes "overbought"... "expensive"... "full". Such is the case with the S & P 500 Utilities sector, by our work. The chart below of the Utilities Select Sector SPDR ETF since the 2009 Financial Crisis low, tells the tale.

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Stocks linked to the economy are acting poorly, especially this bellwether, according to the chartsCarter Worth breaks down the chart on Caterpillar in his first article for Chart Investing PRO.
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