SGG, XLU and FAA are a few securities making technical moves higher today.
It is 3:45 ET and the market has not broken out of its overnight range.
We did get a nice little breakout on Sugar (SGG) today.
Utilities, which have generally underperformed this year, continue to run higher even as the market remains range bound. There may be some wiggles before it gets there, but it looks to me that with today’s move XLU is on the way to $34. I own this in my retirement account and the truth is I just want it to stay above $30 so that I can collect some yield. Everything else is gravy.
Airlines (FAA) breaking out today.