UTIL Utility 1-Minute Chart; Testing the Critically-Important 50-Week MA at 719.61

The market bears are jumping up and down on the utility trap-door at 720. The 50-week MA at 719.61 is a critical level for the broad stock market. Bad things would be expected to happen to the stock market if the trap door opens. With price at 719.35, the trap-door is opening. Can the bears open the trap-door all the way to tank the market or will the bulls manage to secure the trap-door and prevent trouble for equities? The battle continues with price dancing on each side of the trap-door deciding what to do.

Semiconductors are key today as well. If the market bears can maintain weak utes and get the chips to start falling more, they can push stocks lower. This is an odd week of trading, the last week of the year, with low volume. It may be an exciting week ahead. 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 3:04 PM EST: UTIL is at 719.17. The 50-week MA is at 719.60. The bears are winning by 43 cents. Watch the UTIL 50-week MA very closely this week. The SOX is at 1258.66. The market bears will growl very strongly if a couple more points are lost in the chips.

Note Added 3:13 PM EST: UTIL is at 718.98. The 50-week MA is at 719.60. The SOX is at 1258.69 hesitating to move lower. Bears have the markets on a silver platter if they want it. Jam the chips lower and stocks would likely fall apart. The bulls know this and are aggressively buying chips to support the sector.

Note Added 3:21 PM EST: UTIL collapses to 718.47. Time to strap in the shoulder harness. The ride may become quite bumpy ahead. Bulls are trying to jam SOX higher, now at 1259.28, to nullify the drastically-negative impact of the UTIL 50-week MA failing. The tension continues.....

Note Added 3:21 PM EST: UTIL 718.24. SOX 1259.38. Bears need the SOX to lose a couple-three points which will likely flush markets south. Bulls need to move UTIL above 719.61 to close that trap-door as soon as possible and survive another day. The longer the trap-door remains open, the more likely that stocks will fall apart.

Note Added 3:28 PM EST: UTIL 718.17. SOX 1258.77. She's slipping. SPX 2679.

Note Added 3:33 PM EST: UTIL 717.88. SOX 1258.63. SPX 2678.50. The S&P 500 is testing the lows from Friday and today. This is for all the marbles. Stocks will either bounce or die now into the closing bell. Decision time. TRAN is slipping negative. Banks, XLF, are down -0.4%. The utility trap-door is open.

Note Added 4:24 PM EST: UTIL 717.03. SOX 1258.88. SPX 2680.50. The bulls ran the clock out. Nothing to see here folks, move along, folks, move along now, move along. The bulls limp into the closing bell. The utility trap-door is wide open so something very negative can happen to the stock market at anytime even tomorrow's opening bell. If UTIL remains under 719.61, something negative is going to happen. Watch the chips. A couple points lower in SOX and the stock market will fall apart.