Keybot the Quant remains short as the Friday trading is underway. The two pre-scheduled numbers this morning result in only a one tick change in the signal line. Utilities collapse due to higher yields. UTIL loses the 5 hundo level now with a 494 handle. The UTIL 488-ish level is another bull-bear danger line, a trap-door for equities moving forward, so keep this in mind. XLF is 20.63 so the bulls save the day so far bouncing off the 20.39 danger line. VIX is 13.70 remaining in the bull camp. Thus, UTIL remains bearish and XLF and VIX bullish so equities stumble sideways. The imminent turn status remains since the algo number and signal line are in close proximity to each other, however, bulls have a long way to go needing to push far higher above 1775 to regain their mojo. Thus, the stock market may simply stagger sideways into the weekend.
11/10/13;
7:00 PM EST =
11/8/13; 10:00 AM EST
= +30; signal line is +43
11/8/13; 9:00 AM EST
= +30; signal line is +43
11/7/13;
3:32 PM EST = +30; signal line is +44
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