Seeking Alpha
Profile| Send Message|
( followers)  
After today's gains, the S&P 500 has moved back above its 50-day moving average. Utilities and Telecom, unfazed by prior broad market declines, are back to 52-week highs.

click to enlarge

spx 50 day

utilities

telecom

Source: S&P 500 Pierces 50-DMA; Utilities, Telecom Make New Highs