Keybot the Quant remains short and the odd market behavior continues. The algo weakened this morning but the stock market refuses to die and remains buoyant. Watch VIX 13.94 as the bull-bear line in the sand. Volatility dances above and below. Bears need VIX above 13.94. Bulls need VIX under 13.94. UTIL remains in the middle of the happy bear level at 483 and happy bull level at 491 unable to commit. Copper is weak. GTX gains priority in the hierarchy. Watch GTX 4806, now at 4772 causing market negativity. Bulls would receive upside fuel with GTX 4806 and/or UTIL 491. If one of these two turn bullish, and the SPX moves above 1814, and stays above, Keybot will likely flip long. Bears need VIX above 13.94 and UTIL under 483 for equities to start dropping in earnest. The beat goes on.
12/6/13;
9:00 AM EST =
12/2/13; 11:48 AM EST
= +30; signal line is +34
12/2/13; 9:48 AM EST =
+16; signal line is +35
12/1/13;
7:00 PM EST EOM = +30; signal line is +35
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