The algorithm motors along on the short side, printing a lower number again. UTIL could not hold the 50 week MA at 413.21. Continue to watch this today to gauge broad market selling versus buying. Bulls need to get above UTIL 413.21, if not, then they have a long day ahead. Much of the early weakness due to forced selling to meet margin calls. This should subside. The markets may experience buoyancy after the European markets close.
8/21/11; 7:00 PM EST =
8/16/11; 9:00 AM EST =
8/14/11; 7:00 PM EST =
8/12/11; 10:00 AM EST =
8/7/11; 7:00 PM EST =
8/5/11; 9:53 AM EST = -88
8/5/11; 9:32 AM EST = -72; signal line is -24
8/5/11; 9:00 AM EST = -88
8/4/11; 3:29 PM EST = -88
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