Tuesday, January 8, 2013


Keybot the Quant remains long. Monday was uneventful with the algo motoring along without printing any numbers.  The market bulls need to either punch up thru GTX 4950 (now very close at 4909) or up thru UTIL 466 to receive bull fuel and send the SPX to new highs. The bears are obviously fighting to prevent this from occurring, while at the same time trying to push the RTH under 43.80, JJC under 45.75 and VIX above 16.40. If none of the five parameters change sides, then the broad indexes will simply move sideways.

For the SPX starting at 1462, the bulls need to move above 1466.50, if so, an upside acceleration will occur to 1468 and 1472, punching out new multi-year highs. The bears need to push under 1457 and a downside acceleration will occur which will likely set up a move towards 1444 in the days ahead.  A move thru 1458-1465 is sideways action. GTX 4950 is very important today.

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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