New All-Time Highs For Utilities HOLDRS (AMEX: UTH) Says Market Timer Frank Kollar

February 22, 2006 (FinancialWire) (By Frank Kollar)

Shares of the exchange-traded fund Utilities HOLDRs (AMEX: UTH) have again made new multi-year highs with Tuesday’s close at $133.81. Back in August 2006 we said Utilities HOLDRs was headed for $133.00 a share. What can traders expect over coming weeks?

Utilities HOLDRs allows investors to trade a basket of utilities stocks including such powerhouses as: Duke Energy Corporation (NYSE: DUK), Exelon Corp (NYSE: EXC) and Southern Company (NYSE: SO).

Utilities HOLDRs I just below a major resistance level at $135.92. This level may result in some consolidation and profit taking. If Utilities HOLDRs closes above this resistance in coming weeks, traders can look for continued gains to at least the $139.10 level.

Kollar’s research has shown that the financial markets are in tradable trends approximately 80 percent of the time. FibTimer strategies define trends and trade them in both advancing and declining markets. Caring nothing about what newscasters say or what the latest economic indicator predicts, trends are where the profits are, and that is where FibTimer is.

Kollar is editor and chief analyst at FibTimer.com (http://www.fibtimer.com) which offers market timing strategies for S&P and Nasdaq index fund traders, as well as bond, gold, small cap, sector, ETF and stock trading strategies.