UTIL Utilities Weekly Chart

While everyone is focused on the AI hype and NVDA earnings, utilities decide to sneak over to the bear camp and create stock market negativity. You will have to watch this closely since it will tell you if the stock market will crash going forward.

It is the same ole drill for the utes. The two important metrics are the closing price from 15 weeks ago, that dictates a weekly uptrend or downtrend, and the 50-wk MA now at 1051. Utilities have been a rocket shot over the last few months due to the AI hype and buildout. Massive amounts of energy are needed to cool the AI chips and cool the buildings housing the chips. You can heat a Reuben sandwich on top of those new Rubin chips.

So utes go to the moon on the AI fuel. Utilities are important because when they lead the broad stock market lower, there is bigtime Hell to pay in equities and the pullback will not be a minor event. Utes have been heading lower for over 5 weeks and started the ball rolling downhill for the broad stock market; a bad omen.

Today, some bad stuff happened. The clock just fell off the wall in Chairman Powell's office and a cheap gold-plated gawdy ornamental decoration just fell off the fireplace in the Oval Office. King Donnie will have to stick it back in place with some stronger glue. Utilities failed into a weekly downtrend.

The blue circle is the closing price 15 weeks ago at 1113.47. Price is now at 1107. That is bad news, Buckwheat. For next week, the holiday-shortened Thanksgiving week, the 1113.47 is meaningless and replaced with 1103.18. For the week of 12/1/25, the 1103.18 becomes meaningless and is replaced with 1109.48. After that, the ute closing price from 15 weeks ago drops so the comparisons become a lot easier for the bulls. If the bears are going to flex their muscles and create carnage in the US stock market, they need to do it over the next 2-4 weeks. For bears, it is the proverbial time to sh*t or get off the pot.

Note that price dropped to 1104 today already teasing the 1103 line in the sand coming fast for next week. Watch UTIL price at the end of the Friday session since that will tell you the story for next week ahead of time.

If UTIL pops back above 1113.47 Thursday or Friday, the stock market will recover with a relief rally.

If UTIL remains below 1113.47 Thursday and Friday, the stock market will remain sick with a downward bias.

If UTIL remains below 1103.18 for next week, the stock market selling will worsen and the downside will become more extensive.

If UTIL remains below 1109.48 for the week of 12/1/25, the stock market will be in bad shape.

If UTIL, at anytime over the next 3 weeks, falls below 1051, a trap-door will open for the US stock market. The SPX can be expected to quickly drop 30 or 40 handles in quick order and then the stock market will worsen as time moves forward. If the 50-wk MA at 1051 fails, consider the stock market to be in a crash profile with historic downside on tap. It's fun. 

Be very afraid going forward. Utilities leading lower is strike one. Utilities falling into a weekly downtrend is strike two. Utes falling through the trap-door at 1051 is strike three and yer out. Meanwhile, it is time to relax and play Greensleeves on the lute, while watching the utes. 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 Thursday Evening, 11/20/25: UTIL drops to 1104 ready to test the key 1103 level in play for all of next week. If the week ends with UTIL above 1103, the bulls will try to stage a comeback next week. If UTIL finishes the week below 1103, there will be Hell to pay next week. Now it is time to listen to Ian's flute, while watching the utes. Locomotive Breath. Over the top performance.

Note Added Saturday, 11/22/25: UTIL ends the week at 1107 after getting spanked down from 1113 between noon time and 2 PM EST. Utes then rolled over to die. However, the bulls want to stay in the game for next week so they finish the day above the critical 1103.18 in play for all of next week. Price fell below 1103 on Friday but recovered to 1107 at the close. The bears needed UTIL to remain below 1103 to start the new week off on a down beat, but instead, the bulls will offer an upbeat up-tempo start if UTIL remains above 1103. Watch the utes closely over the next couple weeks. They will tell you a lot. Up-tempo and the upbeat wins but the downbeat is only 4 points away. More Than a Feeling.