Kitty is scared after seeing the utility chart and runs away to hide under the bed. Lots of drama is occurring with the utes as the stock market decides if a major top is printing right now. The utilities are playing a role in deciding who wins on the road ahead. That is why the old-timer's watch them.
The 15-week lookback confirms either a weekly uptrend or downtrend and the broad stock market follows. The 50-wk MA, now at 1056, is a line in the sand where very bad things happen to the stock market if it fails.
Thus, for this week, the closing price to compare to 15 weeks ago was 1109.48 (orange circle). Price fell through 1109 today creating some of the day's sogginess with stocks. UTIL continues lower to 1093 an ominous development but few know what to watch especially when they are whistling past the cemetery. Pet Sematary by the great Ramones. Joey's voice will be haunting forever.
Thus, for this week, the bulls need to push UTIL back above 1109 or they will be in trouble. New record highs will not occur unless the bulls push UTIL back above 1109 this week.
For next week, the week of 12/8/25, with the Fed decision on 12/10/25, the 1109.48 becomes meaningless and is replaced with 1088.74 (light blue circle). For the week after that, the week of 12/15/25, the 1088.74 will be meaningless and replaced with 1078.53 (purple circle). Note that after that, the comparison numbers increase (gray line) so it is easier for the bulls to keep their heads above water over the next 2-1/2 weeks, but after that, the bears have an advantage going forward.
Of course, if utes continue lower now, it will be all negativity and doom and gloom ahead. The 50-wk MA at 1056 is a trap-door for the stock market. If it fails, the SPX will dump 30 or 40 points within a few hours and the stock market will be in a crash profile (there is a high liklihood that stocks may crash). At the least, big percentage moves lower would be expected going forward.
So you want to assemble the pieces above into a mosaic that can paint the future. If UTIL recovers above 1109, the bulls will be celebrating bigtime and will carry stocks higher into year end 'singing songs and carryin' on, all night long'. Sounds like a Hank Williams Jr song. Family Tradition.
The stock market is in trouble if UTIL remains below 1109 this week. If 1056 fails, the stock market will be falling in earnest. Since 1089 is the key number for next week, watch the closing price on Friday for this week. If UTIL ends the week below 1089, there will be Hell to pay next week and all eyes will be watching to see if the 1056 fails that will usher-in Hell on Earth. It's fun. Now you know what to watch.
We need some Jose Feliciano to liven up this joint. Feliz Navidad. Come on ladies, get on the dance floor and start shaking your money-maker's. Even white folks can find some rhythm listening to Jose. 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 Wednesday Evening, 12/3/25: UTIL drops to 1085 and finishes the day at 1089. Kitty is very afraid of the ute chart and refuses to come out from under the bed. The time has come. Beds Are Burning.

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