2020-05-11 – TSX Utilities Sector – Trend Change
Our Heat Map Market Model Rankings, shown below, indicate that Utilities is one of the strongest sectors inside the TSX. Accordingly, investors looking for strength may want to look for long opportunities in this sector.
While the TSX Utility Sector has resided in a consolidation pattern since Mid April 2020, as of the close on May 11, 2020, the trend is changing. As shown below, the Short Term, Long Term and now Mid term PPO’s reside above zero where by producing a Trend Filter Reading of 60. Look for a breakout above 290.77 on the index itself or a breakout north of 20.76 on ZUT-TC.
