Friday, January 25, 2013


Keybot the Quant remains long. The utilities gave up the critical UTIL 466.79 so the bears are trying to develop some mojo. Copper is collapsing today and this is the next key sector that the algo is tracking, JJC 45.80.  JJC fell thru 46 this morning and is now smack-dab on top of 46.00 only twenty cents away from causing market mayhem. The SPX tested 1502 after the open but could not punch thru yet today.  The bulls need to push UTIL above 466.79 to regain upside momo and send the SPX back up over 1500. The bears need to push JJC under 45.80 and strong selling will occur in the broad markets. If JJC falls under 45.80 and the SPX drops under 1489 it is highly likely that Keybot would flip short. Stay alert.

1/27/13; 7:00 PM EST =
1/25/13; 10:24 AM EST = +47; signal line is +37
1/24/13; 2:43 PM EST = +63; signal line is +36

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