UTH is the utilities sector ETF. It contains several utility companies that are in our watchlist. The UTH is breaking a near term trendline and technicals have turned up.

Utilities companies world-wide expect wind and nuclear power to provide an increasing share of their market’s energy consumption in the next five years. Last year, only 17% and 19% were looking toward these two fuel sources. By 2007, in the space of just 12 months, they were being mentioned by 48% and 45% of respondents. Climate change appears to have cemented its place in utility company strategies.

Source: PWC