The Dow Jones Utilities index has been burning like a house on fire, says Jim Cramer

When you’re trying to get your arms around the market 6 move, you gotta look at the leadership, meaning what’s been working day in and day out. And that’s how you can figure out how to make money at this moment. And on there, where the Dell gained 170 points, the SP was basically hunch NASA dip .18%. It might surprise you to learn that there’s an index that’s been burning like a house on fire. It’s a strange index. It’s point the way, it’s the Dow Jones Utility Average or the utes as they are known on the street. Youths with rallied five points, or half a percent today, still one more powerful session for the smoking amalgam of 15 utility stocks that dates back to 1929. Yet this trailblazer started separating itself from the pack back on April 16th of this year. You know what? This is almost straight up ever since the utilities performed best when the economy’s throttling back. If this index were just up for a week or even 2 weeks, I might ignore it. But for the youths rally this long? Sorry it is flashing red for the economy telling us we’re headed into the Shoals of a slowdown makes sense. We’ve been finding those brown shoots I talk about all over the place this month. Brown shoots being my term for companies with fading prospects. Don’t miss a second of mad Money. Follow at Jim Cramer on X. Have a question? Tweet Kramer Hashtag mad mentions. Send him an e-mail to [email protected] or give us a call at one 807 four three CNBC. Miss something? Head to madmoney.cnbc.com.