There is a bullish case for utility stocks. There's strong capitulation happening that typically means a bounce is near, states Lucas Downey of Mapsignals.com.
Selling in stocks is normal. However, capitulation is rare and often indicates oversold conditions. Luke walks you through the sell signals we see and provides a historical study that points to the upside. The Utilities Select Sector SPDR Fund (XLU) tends to rally hard after downdrafts like this. Keep in mind this is not personal advice of any kind. We want to help you learn how to invest, and using data can help! Focus on the opportunity.
To learn more about Lucas Downey, visit Mapsignals.com.
