It looks like the utilities ETF had a cup with handle break-out (GLB) to all time highs. This suggests lower interest rates to come? This is a weekly chart.
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33rd day of $QQQ short term up-trend; $Z continues climb after GLB
Weekly chart shows a nice upward trend after GLB to all time high in early May.
32nd day of $QQQ short term up-trend; recent GLB $CEVA climbs
This weekly chart of CEVA shows it holding up since its high volume GLB (green line break-out to all-time high) five weeks ago. Note its last quarter’s earnings were up 111% and revenue was up 29%.
