iShares S&P Global Utilities (JXI) just flashed a golden cross.
This caught our attention a rare golden cross signal in a rough market especially since it’s a utility ETF.
JXI is in a triangle pattern. If the bulls are able to break higher what does this mean for the global equity markets?
Rough times ahead for stocks if utilities turn in into a ‘flight to safety’ area?
The golden cross (technical formation when the 50-day moving average rises above 200-day) can be used as a filter to help narrow down the field. Next, use the Seven Steps to Better Stock Trading to evaluate the sentiment and price action. Better yet, sign up for The Select 20 Stock Picks or use my free Total Indicator for eSignal.