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Is It Time for Utilities Stocks to Stop Stinking up the Joint?

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Stocks Analysis by Chris Kimble covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Chris Kimble's latest article on Investing.com

Looking at the chart below, you can see that XLU declined 19% in 2020, tagging its uptrend line at before rallying sharply. Fast forward to today and we can see that XLU declined nearly 15% at while testing its rising trend line and lateral support at .

The decline looks to be a bullish setup as long as XLU stays above support at . Are stinky Utilities ready to reverse higher?Elon Musk's Tesla is set to announce earnings after market closes today Investors are eager to see how the EV maker's price cuts have affected company's earnings Based on how the...Wall Street’s Q3 earnings season kicks into high gear this week. Despite the bleak forecast, there is a select group of companies poised to deliver explosive profit...

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