The first week of June has delivered significant shifts in capital flows among various asset classes. In this edition of Equity Leaders Weekly, we look at utilities sectors as a sign of changing sentiment along with the recent correction in the price of crude oil.
DR Horton (DHI) reached the top 5 in the SIA S&P 500 Index Report back in January. Since then, it has been steadily sinking in the relative strength rankings, and yesterday it dropped back down into the Yellow Neutral Zone for the first time since October. A breakdown below $139.50 would complete a bearish pattern and confirm the start of a new downtrend.
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