Keybot the Quant remains short. The bears are cruising. VIX is above 16. Copper is negative. Financials, XLF, collapsed causing negativity. GTX is at 4770 only 10 points from 4780 but the bulls cannot yet muster up the energy to move higher. Bulls are keeping utilities elevated and this is what is preventing an outright market collapse. Bears need UTIL 496.05 and 494.50 and all Hades will break loose in markets. Bulls must keep UTIL above 496 through the closing bell so watch this closely.
Bulls need GTX 4780 or XLF 21.52 to place a firm halt on the downward market move. The caution flag is removed for now since the bears are traveling lower without resistance as evidenced by the algo number now 39 points below the signal line. The SPX sits at 1803 support. LOD is 1800.69 so the bulls stopped a failure of the psychological 1800 level by 69 pennies, so far.
Bulls need GTX 4780 or XLF 21.52 to place a firm halt on the downward market move. The caution flag is removed for now since the bears are traveling lower without resistance as evidenced by the algo number now 39 points below the signal line. The SPX sits at 1803 support. LOD is 1800.69 so the bulls stopped a failure of the psychological 1800 level by 69 pennies, so far.
1/26/14;
7:00 PM EST =
1/24/14; 9:36 AM EST
= +2; signal line is +41
1/23/14;
10:45 AM EST = +18; signal line is +42
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