Utilities Going Parabolic - InvestingChannel

Utilities Going Parabolic

XLU, Utilities are leading the day once again and are starting to go parabolic here as investors search for yield. The OIH, oil service, is right behind, up 1%. I like $HAL right here, SDRL also looks good to go. Oil is hanging on green, but looks weak to me, I would not be surprised to see it go red on the day which gives me caution on these plays. Here are the top industries this morning:

Screen Shot 2014-12-29 at 8.59.16 AM

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From the watchlist, KITE broke out early on, MOMO has some good movement, and I bought BABA first thing this morning. Here’s a look at some other morning movers via the runner screen: CLICK HERE FOR CHARTS

Tickers of interest include: APP, GLUU, LULU, CLF, IDRA, CLF, CRK, & RWLK

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