Keybot the Quant remains long with the bulls cruising towards Christmas. Equity markets close at 1 PM EST. The algo is tracking utilities, copper, volatility and retail with interest. The bulls need UTIL above 492.95 to signal further market upside. The bears need UTIL under 476.89, JJC under 39.92 and/or VIX above 14.20 to firmly stop the market upside. For the SPX starting at 1828, the bulls need 2 points, to touch the 1830 handle, and the upside party continues with an acceleration into the low and mid-1830's. UTIL 492.95 will dictate whether the upside is warranted, or not. The bears need to push under 1823, 5 points lower, to accelerate the downside. Markets remain highly unstable.
12/29/13;
7:00 PM EST =
12/23/13; 10:00 AM
EST = +61; signal line is +38
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