Sector Rotations

Interesting action on the tape today, selling utilities. We watch sector rotations VERY carefully, this can lead to some huge trades. Shorting transports and buying staples & utilities was the play in July. The utility index broke its 50 day MA, will the safety stocks follow?? Even more important, where's the money flowing - tech, bonds, or cash?

Edit: Here's a chart of the XLU (utils ETF) vs. XLP (consumer staples ETF). Hedged trade here would be short the XLP's and long the XLU's, or use the options.