Friday, February 24, 2012

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long.  The bulls pushed the utilities higher, UTIL up and over 454 now, to boost the SPX thru 1368 R, and are looking very strong again.  UTIL 452.91 will remain important into the close. SPX 1368 now becomes support and 1370.58 is then next overhead resistance. Bulls dodged a bullet again, for now. Lots of trading remaining for today.

2/26/12; 7:00 PM EST =
2/24/12; 11:41 AM EST = +76; signal line is +62
2/24/12; 11:16 AM EST = +60; signal line is +61 but algorithm says stay long
2/24/12; 10:47 AM EST = +76; signal line is +61

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