Keybot the Quant remains long as the markets continue higher on holiday cheer. The bulls need to push UTIL above 492.93 and the bears need to push UTIL under 485.33. UTIL begins the week at 487.94. Without UTIL 492.93, the broad indexes should float sideways with a slight upward bias but instead the bulls are pushing price strongly higher. The bears need to push VIX above 14 to create market downside in addition to a push under UTIL 485.33. The bulls are cruising. Markets remain erratic and unstable.
The month, quarter and year ends on Tuesday evening; EOM, EOQ4, EOY2013. Despite the near non-stop upside for equities this year, the algorithms in general have difficulty due to the low volatility and low volume overall environment. A clean slate begins on Thursday morning for 2014. Keybot's results will be closed out for the end of the year and a new year for the algo will begin.
12/31/13;
7:00 PM EST EOM EOQ4 EOY2013 =
12/31/13; 10:00 AM EST =
12/31/13; 10:00 AM EST =
12/29/13; 7:00 PM EST
= +61; signal line is +38
12/23/13;
10:00 AM EST = +61; signal line is +38
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