Keybot the Quant remains long. Friday's trading hours played out without the algo printing any numbers so it was a calm ending to the week with the market bulls firmly in control. Of interest is the utilities, since they were weak the whole day Friday. If the utilities sector starts to go south it will spell big trouble for equities markets. Two numbers to watch for UTIL for next week are 425.20 and 423.68. UTIL starts the week at 443.63, comfortably above, but, should that 424-425 area fail next week, broad equities markets will go into free fall. Next week's road map will be set up tomorrow after the Sunday number prints. For now, the market bulls are cruising.
12/11/11; 7:00 PM EST =
12/9/11; 10:00 AM EST =
12/4/11; 7:00 PM EST =
12/2/11; 9:00 AM EST = +22; signal line is -30
12/1/11; 1:42 PM EST = +22; signal line is -32
12/1/11; 10:35 AM EST = +6; signal line is -35
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