Infrequently in markets, a single space or theme available in the market will get “so embraced”, “so believed in”, “so relied on” that the theme in query turns into “overbought”… “costly”… “full”. Such is the case with the S & P 500 Utilities sector, by our work. The chart under of the Utilities Choose Sector SPDR ETF (XLU) because the 2009 Monetary Disaster low, tells the story. At current, XLU is as “overbought” and “costly” as at any time because the 2009 low. “Overbought”… as decided by 1) how far above the 150-day transferring common (blue line) XLU is buying and selling and, 2) by weekly RSI value oscillator (backside panel of chart). “Costly”… as decided by P/E ratio (at the moment at 24.49- an all-time excessive). Cut back longs, trim, promote calls — do one thing, earlier than — because the expression goes — somebody does it for you. -Carter Braxton Value For actionable suggestions by way of electronic mail and dwell nightly movies grow to be a member at worthcharting.com . DISCLOSURES: (None) All opinions expressed by the CNBC Professional contributors are solely their opinions and don’t mirror the opinions of CNBC, NBC UNIVERSAL, their mum or dad firm or associates, and should have been beforehand disseminated by them on tv, radio, web or one other medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL’S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. Click on right here for the complete disclaimer.