Keybot the Quant is long to begin the new week of trading. The bulls need UTIL 492.35 and that will light the way for higher equities. The bears need UTIL 476.89, JJC 39.82 and/or VIX above 14.20, any 1 of the 3 would do, to stop the upside market rally. If all 4 parameters remain status quo, markets will float sideways with an upward bias.
For the SPX, starting the week at 1818, the bulls need to touch the 1824 handle and upside acceleration happy time occurs again with the SPX moving to 1830. The bears need to push under 1810 to accelerate the downside. A move through 1811-1823 is sideways action for Monday. S&P futures on Sunday evening indicate a move higher of +5 which would send the SPX higher to tease the 1823-1824 resistance area. Copper is weak in early trading. The bears need lower utilities, lower copper and/or higher volatility, and for the SPX to drop under 1810, to create the conditions for Keybot to potentially flip short. Therefore, the bulls are comfortably driving the bus but the markets remain very erratic and unstable so the caution flag remains out for another day. Keybot prints one pre-scheduled number tomorrow morning during this holiday-shortened Christmas week.
12/29/13;
7:00 PM EST =
12/23/13;
10:00 AM EST =
12/22/13; 7:00 PM EST
= +60; signal line is +38
12/19/13;
10:36 AM EST = +60; signal line is +37
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