Keybot the Quant remains short as the new week of trading is underway. UTIL fell under 506.22 which helps the bear case but utilities are fighting for this level just as JJC is fighting for 40.19. Both are causing bearishness currently and are capping the market upside. Bulls need either UTIL 506.22 and/or JJC 40.19 to push equities higher. The SPX moved a hair positive this morning so price popped to near 1763, another new all-time high, but not as strong as would be expected, and this is because UTIL and JJC are in the bear camp. UTIL 506.22 and JJC 40.19 dictate market direction. The beat goes on.
10/29/13;
10:00 AM EST =
10/28/13; 10:31 AM
EST = +32; signal line is +57
10/27/13;
7:00 PM EST = +48; signal line is +58
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