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SPDR Utilities E.T.F.XLUTOP PICKDec 29, 2015Stock price when the opinion was issued
As of Jun 16, 2026. Market Open.
(Note the short timeframe.) Sector has been helped by falling interest rates, plus forecasted huge uptick in energy requirements by data centres. Also benefits from being defensive. This is the soft way to play that trend. Now seeing topping out and seasonal weakness (January/February). Not a preferred sector at present.
With all the US data since September, there is not a lot of reason that Yelin had to raise rates. Chart shows there were some lower lows in September and again in December. The risk/reward is really good. Thinks the softening US$ will help it. He is looking for $45 first term and the 2nd spot would be around $48.