Utilities are underperforming with a clear breakdown and relative strength weakness, indicating more downside potential.

And then we have utilities, which is doing the same. So, that's also moving to an underperformer, and it's now one of the weakest sectors in this whole universe. You can see also that it started to move up, but it didn't make it into the improving quadrant.

It rolled over and curled back even with a negative heading right now.

And then we have utilities. That is a clear breakdown. It tried for quite some time to stay inside that trend channel. We had for a while that relative strength trying to hold up, but in the last 3 weeks that did not happen, and we broke that trend line.

You can now see a clear move lower 1 to 3 weeks after that break. We're kind of resting at support now around 42.5. If that breaks, maybe it's like so here is a little bit more 41.

And this whole area, if that gives way, there's a lot more downside to go for utilities. But also look at relative strength. This is a very clear penetration of its previous low, and that means unlocking more downside potential from a relative perspective.

So, uh utilities very clearly an underperforming sector.