Keybot the Quant remains short as the Friday session is underway. UTIL falls through the 482.19 level paving the way for far weaker markets, however, the bulls are jamming volatility lower to try and save the day. VIX is 13.94, under the 14.12 bull-bear line in the sand, so this helps the bulls prevent a strong slide south, for now. If VIX moves above 14.12, it will not be surprising to see the SPX print another down day like yesterday. Bulls need to move UTIL above 482.19 to float equities sideways to sideways higher into the weekend. Use VIX 14.12 (now causing bullishness) and UTIL 482.19 (now causing bearishness) as the gauge for market direction today.
1/5/14;
7:00 PM EST =
1/3/14; 9:36 AM EST =
+33; signal line is +41
1/3/14; 9:35 AM EST =
+19; signal line is +41
1/2/14;
11:40 AM EST = +35; signal line is +41
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