Copyright 2024 Yang Market Research

When the Utilities Index gains 1%+ and touches a three-month high along with the S&P500, it tends to spell short-term trouble. Only 10 occurrences out of the last 30 (33%) led to a higher S&P500 one week later, well below the 56% random odds…

Dow Utilities +1% & New Three-Month High,
SPX Touches Three-month High
(first occurrence in two weeks)
11/26/24… SPX ???
12/13/23… SPX -0.2% one week later
08/12/22… SPX -1.2% one week later
04/05/21… SPX +1.2% one week later
11/09/20… SPX +2.2% one week later
01/15/20… SPX +1.1% one week later
11/07/17… SPX -0.5% one week later
02/21/17… SPX -0.1% one week later
12/24/14… SPX -1.1% one week later
06/18/14… SPX +0.1% one week later
03/28/13… SPX -1.0% one week later
04/26/11… SPX +0.7% one week later
09/24/10… SPX -0.2% one week later
12/02/09… SPX -1.2% one week later
10/19/09… SPX -2.8% one week later
09/16/09… SPX -0.7% one week later
08/21/09… SPX +0.3% one week later
07/21/09… SPX +2.6% one week later
06/01/09… SPX -0.4% one week later
05/02/08… SPX -1.8% one week later
10/09/07… SPX -1.7% one week later
07/11/05… SPX +0.1% one week later
06/17/05… SPX -2.1% one week later
03/04/05… SPX -1.8% one week later
11/03/04… SPX +1.7% one week later
10/01/04… SPX -0.8% one week later
02/17/04… SPX -1.6% one week later
01/21/04… SPX -1.7% one week later
12/18/03… SPX +0.6% one week later
11/03/03… SPX -1.1% one week later
06/16/03… SPX -2.9% one week later

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