Figure 1 is a weekly chart of the S&P Select Utilities Spyder Fund (symbol: XLU). The indicator in the middle panel is the "smart money", and this is the InsiderScore buying and selling index for company insiders in the Utility Sector. The trading bands look for extremes in the data with a 52 week look back. The indicator in the lower panel is the "dumb money", and this is the amount of assets in the Rydex Utility Sector Fund. Currently, these market timers have plowed the highest amount of assets ever into this sector fund.
Figure 1. XLU/ weekly
So the current set up has the "smart money" selling and the "dumb money" buying - both to an extreme degree. Past and similar set ups are noted by the vertical blue bars in figure 1. If the past is any prologue for the future, it would seem unlikely that investors will find salvation in the Utility Sector.