Tuesday, January 15, 2013


Keybot the Quant remains long. The algo printed one number on Monday afternoon as the commodities sector traveled higher. Watch oil since in general, up oil is up markets and down oil is down markets. Copper is key as well and it was moving negatively.  For today, the quant is tracking GTX 4935, JJC 45.68 and RTH 43.85. All three are bullish so the bears need to reverse these to gain momo, otherwise, the bulls are cruising without worry. For a move towards SPX 1500, the bulls need to push the utilities, UTIL, above 466.36.

For the SPX starting at 1471, the bulls only need one point higher, to punch thru 1472 and an upside market acceleration will occur. The bears need to push under 1466 to initiate a downside acceleration. A move thru 1467-1471 is sideways action.

1/20/13; 7:00 PM EST =
1/18/13; 10:00 AM EST =
1/17/13; 9:00 AM EST =
1/14/13; 2:15 PM EST = +47; signal line is +8
1/13/13; 7:00 PM EST = +33; signal line is +7

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