UTIL Utilities Weekly Chart; Battle at the 50-Week MA Determines if the Stock Market is Assuming a Crash Profile

Keystone harps about the utilities a lot. The old-timer's and the new-time algorithms both pay close attention to the utes. The 50-week MA is a trapdoor trigger for the stock market. When it failed late Monday morning, the trapdoor opened and stocks fell like rocks. This is a bigtime signal line and extremely serious business. Utilities must recover above the 50-week MA as soon as possible. Each day it does not occur is huge trouble compounding exponentially.

The stock market bulls must move UTIL above 708.72 asap. This will prove that a relief rally is underway and has a little bit of upside juice. If UTIL fails to move back above 709, the stock market may crash. Strap yourself in and place a crash helmet on your noggin. Each day that utes are unable to retake the 50-week is another day closer to a major crash event a la the 1929, dotcom bubble in 2000 and financial crisis in 2008-2009, crashes. Watch it like a hawk. UTIL 708-709 tells you a lot about the stock market.

Whoopsies daisies. UTIL slips to 698 below 7 hundo. Bulls are crying into their cafe lattes hoping that the utilities will be zapped higher. Otherwise, the gallows await. 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 12 Noon: UTIL is at 702.

Note Added at 12:01 PM EST: UTIL is at 701.


Note Added at 2:50 PM EST: UTIL is at 697.

Note Added Early Friday Morning, 12/28/18: And Bingo was his name-o. UTIL stages a huge comeback to 710.89 and finishes the Thursday session above the 50-week MA. This is big-time. A crash scenario for the stock market is now taken off the table, however, equities remain in a cyclical bear market pattern. Keep watching UTIL 708.93 like a hawk because if if fails again, then misery and mayhem will quickly return. UTIL above the 50-week indicates that the bulls have a little bit of strength to continue the Santa Claus relief rally.