Utilities HOLDRS (AMEX: UTH) Headed Higher Says Market Timer Frank Kollar

June 10, 2008 (FinancialWire) (By Frank Kollar)

Shares of Utilities HOLDRS (AMEX: UTH) have not only held up well in the current stock market declines, but are poised to make a run for their 2007 highs.

Traders, who watched Utilities HOLDRS rise almost one percent Monday, June 9, on a day when the stock market was seeing mostly losses, were just seeing what Yogi Berra called “Déjà vu All Over Again.”

While the Dow and S&P big cap indexes have struggled over past weeks, Utilities HOLDRS has continued higher and closed above critical Fib resistance levels. Utilities HOLDRS should make a run for the $140 high mark again in coming weeks and months.

The Fibtimer.com (http://www.fibtimer.com) ETF Timing Strategy has a position in Utilities HOLDRS.

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.