Nick Perry (Schaeffer's Investment Research) submits: Internet stocks, drugs, and consumer stocks showed gains last week but aren't exactly setting the world on fire over the course of this year -- they are more or less flat. In fact, utilities are the only advancing group this week to show double-digit gains on the year, so I thought it might be interesting to check in the chart of the Utilities HOLDRS Trust (NYSEARCA:UTH):
While the huge gains in energy-related funds tend to get the attention, ETFs like the UTH have steadily trended higher. The UTH recently pulled back to test the former peak from May as support and is now overtaking resistance near 115. The all-time peak near 123 is the next level to watch on the upside.