Saturday, January 19, 2013


Keybot the Quant is long thru the holiday weekend. Trading resumes on Tuesday.  The bulls are running. Keybot did not print any further numbers in the Friday session. Copper and commodities created the big market push higher to end the week. Interestingly, as seen here this week, the bears were on the verge of pushing Keybot short, and the quant actually printed lower algo numbers than the signal line numbers, but the programming rules would not line up properly to trigger the short side, and hence, the broad indexes recovered. The robots are always smarter than the humans.

For next week, the utilities sector is key. For the bulls to go to SPX 1500+, they must go thru UTIL 466.45. UTIL closed at 463 only three points away. If UTIL crosses above 466.45, more bull fuel is provided for the broad indexes. If UTIL 466.45 resistance holds, a lid is placed on the markets and likely a topping out. Next week's areas of interest can be identified after the Sunday pre-scheduled number prints tomorrow.

1/20/13; 7:00 PM EST =
1/18/13; 10:00 AM EST = +47; signal line is +28
1/17/13; 9:30 AM EST = +47; signal line is +26

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