UTIL Utilities Weekly Chart 50-Week MA Cross

Keystone mentions the utility trap-door time to time and said to be on the lookout for the possibility. The trap-door opened today. UTIL falls through the 50-week MA at 581.85-581.90 opening the trap-door for stocks. The trap-door closed briefly intraday but the bears opened it again and then stocks fell like a stone in the afternoon the SPX losing 14 handles to 2089 and losing 25 points on the day. That's why it's a trap-door.

UTIL 581.90 is key for Wednesday. Bulls can stop the market selling and begin a recovery if they move UTIL above 581.90 and close the trap-door. Bears will begin creating stronger selling pressure in stocks if UTIL remains under 581.90. Watch it closely after the opening bell. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

Note Added at 9:46 AM EST on Thursday Morning: UTIL is at 579 remaining under the 50-week MA at 581.82. During Wednesday trading, the UTIL dropped and closed at 577. Thus, the trap-door remains open and market bears are happy.

Note Added 9:26 AM on Friday morning, 5/8/15: UTIL battles above and below the trap-door 50-week MA at 582 and the bears end the Thursday session at 580.