Monday, December 23, 2013

STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long as the new holiday-shortened week of trading begins. The pre-scheduled number bumps the algo number up by one tick. UTIL remains between the upper and lower boundaries, VIX remains calm, and copper remains elevated, status quo with the key market directional parameters right now, so markets float sideways to sideways higher. The bulls need UTIL 493.00 to prove that equities deserve to be moving higher from here. If UTIL cannot confirm the move higher, then equities will weaken ahead, however, bears got nothing unless they smash utes or copper, or pump volatility higher. The SPX punched through the 1823-1825 ceiling and ran to near 1829. Since the bears cannot yet weaken one of the parameters, the caution flag is removed. The bulls are driving the bus in firm control. Markets are erratic and unstable and can change on a dime, however.

12/29/13; 7:00 PM EST =
12/23/13; 10:00 AM EST = +61; signal line is +38
12/22/13; 7:00 PM EST = +60; signal line is +38

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