Keybot the Quant remains short. The algo settles-in after a wild start to the week only printing one number yesterday. Note how UTIL danced above the 478 trap-door danger level all day long. Next week this number is no longer valid and instead 473.37 is in play, a much easier level for bulls to remain above. Thus, even if the 478 trap-door would open today, it would shut again come Monday morning so any negative affects may be muted. Watch to see where UTIL closes in relation to 473.37 today. Bears need either UTIL 477.87, XLF 20.98, JJC 39.70 and/or SOX 503.25 to continue the market downside. Bulls need GTX 4810 and/or VIX 14.03 to stop the equity selling. If all 6 parameters remain status quo, markets will stumble sideways into the weekend.
For the SPX starting at 1776, the bulls need to touch the 1783 handle and an upside acceleration will occur. This is about 7 or 8 handles and lo and behold, S&P futures are +7.4 at this writing about 2-1/2 hours before the opening bell. So the bulls are going to try and run to the 1783 to begin the day to create upside mojo. The bears need to push under 1772.50 to accelerate the downside. A move through 1773-1782 is sideways action.
12/15/13;
7:00 PM EST =
12/12/13; 9:37 AM EST
= +32; signal line is +45
12/11/13;
3:59 PM EST = +46; signal line is +45 but algorithm remains short
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