Click on any chart to engorge it

Click on any chart to engorge it

Utilities Breakout

Utility company stocks as represented in the SPDR ETF (XLU) are making new two year highs.  We wonder how much of the advance can be attributed to the Warren Buffett effect.  The second largest holding in the fund is Excelon, which has been recently mentioned as a possible target for Mr. Buffett's newest shopping spree.