Keybot the Quant remains long through the weekend. The bulls are taking no prisoners. Note the collapse in the VIX during the last 15 minutes of trading yesterday that catapults the SPX to close at 1745. GTX (commodities) tried to help the bears dropping under 4888 but the bulls pushed this higher to create more upside fuel. The algo is at the lofty 78% area again which is overbot. The bear killer last week was lower volatility that provided the bulk of the upside juice in the back half of the week. UTIL 498.03 is a key number for all of next week. UTIL begins at 496.05 so immediately at the opening bell on Monday the bears will be thrown a life line. However, if UTIL jumps above 498, the bears are in for more pain. If Treasury yields fall, utilities move higher. If yields move higher, utes will likely move lower. The bulls are cruising. Next week's areas and levels of interest can be identified once the Sunday pre-scheduled number prints tomorrow.
10/20/13;
7:00 PM EST =
10/18/13; 12:40 PM
EST = +78; signal line is +55
10/18/13; 9:57 AM EST
= +64; signal line is +54
10/18/13; 9:30 AM EST
= +78; signal line is +52
10/17/13;
10:06 AM EST = +64; signal line is +50
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