Keybot the Quant remains short through the weekend. JJC stays under 40.19 during the Friday session so the bulls had trouble pushing markets higher, but equities were goosed in the final minutes with stronger utes. To prepare for Monday, the bulls needed UTIL above 506.22, and alas, in the final few minutes the utilities close 35 cents above at 506.57. Isn't it amazing to see Keybot identify these areas and levels of interest before they occur? Thus, despite the late-day push higher for equities, the algo remains short and did not print any numbers after the morning's pre-scheduled number. Copper and utilities are key for Monday and the areas and levels of interest can be identified once the Sunday pre-scheduled number prints tomorrow. The copper trading overnight Sunday will likely dictate market direction Monday morning. The SPX prints a new all-time intraday high at 1759.82 and new all-time closing high at 1759.77 and Keybot remains short.
10/27/13;
7:00 PM EST =
10/25/13; 10:00 AM
EST = +48; signal line is +58
10/23/13;
11:29 AM EST = +48; signal line is +59
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