When it comes to different sectors of the market, it doesn't get more 'boring' than Utilities. In fact, the sector is known for its lack of action, which is one reason why investors in the sector like it so much. You simply aren't going to wake up one morning and see stocks in the sector up or down 5% on no news. In the last couple of weeks, though, the sector's volatility has been increasing as sentiment on the sector has gone from extremely positive to downright apocalyptic. The chart below shows the 10-day advance/decline (A/D) line of the S&P 500 Utilities sector going back to the start of 2014. If you aren't familiar with the 10-day A/D line, it is simply a breadth measure that adds up the daily number of advancing issues minus the daily number of declining issues on a rolling ten trading day basis.
Just over…