Sunday, January 6, 2013


Keybot the Quant remains long as the new week of trading is set to begin. The key decision maker as soon as the bell rings is UTIL 466.00. If the bulls push UTIL up thru 466, the broad indexes will take another leg higher. The market bears must prevent UTIL 466.00 with all their might. The algo is also tracking VIX 16.50 (now helping the bulls), JJC 45.50 (now helping the bulls), RTH 43.60 (now helping the bulls), XLF 16.00 (now helping the bulls) and GTX 4958 (now helping the bears). Any change to these parameters will immediately move the markets in that respective direction. The bulls are in firm control.

For the SPX starting at 1466, the bulls only need two points of upside, to touch 1468 and an upside acceleration will occur to 1472 in fast order. The bears need to push under the 1459-1461 support level, if so, a downside acceleration will occur.  A move thru 1462-1467 is sideways action. Keybot does not print any pre-scheduled numbers this week. The action will be purely dictated by the markets. Caution is required due to the erratic and unstable condition of the markets currently. If UTIL pokes above 466, the caution flag will not be needed since the bulls will be on cruise control.

1/13/13; 7:00 PM EST =
1/6/13; 7:00 PM EST = +33; signal line is +3
1/4/13; 9:00 AM EST = +33; signal line is +2

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