Keystone's UTIL 50 Week MA Indicator

With the markets tumbling at the open, plain and simple for today, watch the utes. If UTIL loses the 50 week MA the markets will typically go into free fall. Let's take a look.  UTIL is now printing 417.58, the low so far in the first few minutes is 416.83.  The 50 week MA which of course fluctuates slightly in real-time, is now 416.05, thus, the utes came down within about 80 cents of signaling a collapse in the broad markets, but the fact remains, they did not.


Continue watching this as the main item this morning.  UTIL now at 418.34, about two points above the danger line.  Thus, the selling event should not be significant today since the utes are holding. If UTIL loses that 50 week MA, however, it's over for the broad markets.

Note Added 2:37 PM EST:  If you were watching, you saw UTIL fail the 50 week MA at 2:19 PM. This signals that the broad markets are going to fall off a cliff, but, you typically give it five to ten minutes to see if it holds. It did not. At 2:23 PM, four minutes later, the utes recovered and regained the 50 week MA, then took off like a rocket to the upside, note the improvement in the broad markets that resulted. This is the third time the markets stared into the abyss, last Tuesday, Friday, and now today, Monday, and they were stick-saved each time. Keep watching that UTIL 50 week MA like a hawk. UTIL is now printing 417.95 and the 50 week MA is 416.05, thus, the utes are almost two points above armageddon, avoiding catastrophe by the skin of their teeth once again. Keep watching.