ARTICLE SYNOPSIS...The Dow utilities average is trading well above its October low, but three bearish developments point to a test of this low in the future.
ARTICLE SYNOPSIS...After getting pummeled in October, the Dow Jones Utilities Average formed a bearish flag and met resistance just above 400.
ARTICLE SYNOPSIS...The Dow Utilities have performed well over the past year, but the average is meeting resistance near a key retracement point with a potentially bearish pattern emerging.
ARTICLE SYNOPSIS...With the prospects of higher interest rates down the road, it is little surprise that the Dow Utilities are forming a potentially bearish pattern with waning upside momentum.
ARTICLE SYNOPSIS...If so, how could this affect the broader stock market?
ARTICLE SYNOPSIS...Like the S&P 500, the DJUA also developed a multi-year head and shoulders top.