Keybot the Quant remains short and did not print any numbers today. The SPX broke up thru 1441 today and accelerated higher. SOX remains under 395 and UTIL remains under 483 so the bears continue driving the bus despite today's rally. The quant will be tracking UTIL 472.06 all next week; the 483.05 number this week will expire at the closing bell tomorrow. This is extremely important since if the utilities close above UTIL 472.06 tomorrow, that will set up Keybot to potentially flip long at Monday's opening bell. UTIL begins tomorrow at 473.88 already above next week's level of interest. The bull's are sly.
For the SPX tomorrow starting at 1447, the bulls only need three points, to punch up thru 1450, and an upside acceleration will occur. The bears need to retrace today's move and push under 1434 to accelerate the market downside, a formidable task, but it can easily happen. A move thru 1435-1449 is sideways action. Stay alert and cautious. The markets were very close to breaking down today but were saved as the euro exploded higher. Expect the unexpected. Watch UTIL 472.06 in the final hour of trading to get a feel for Monday's open. Keybot prints a pre-scheduled number tomorrow at 10 AM so the market action can be updated at that time.
9/30/12; 7:00 PM EST EOM EOQ3 =
9/28/12; 10:00 AM EST =
9/25/12; 10:00 AM EST = +44; signal line is +57
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