While we wait for the afterhours blowup today from MSFT and GOOG earnings here's a sleeper setup for XLU and AGG using our 1 and 2 week low setups that buy the pullbacks and hold until stopped out or rotated out in subsequent weeks. The real benefit of these systems is the extremely low drawdown compared to a buy and hold strategy. The equity curves are rather attractive also.
It may appear surprising to be able to pull this type of risk/reward profile out of something as boring as the utility sector but the results speak for themselves.