Thursday, January 31, 2013


Keybot the Quant remains long moving into a potential wild ride tomorrow. The month-end pre-scheduled number prints this evening bumping the signal line one tick.  The algo prints two pre-scheduled numbers tomorrow morning one before the open and one shortly after. The bears tried to push lower today but did not make any headway. Copper and utilities remain elevated and VIX remains under 16.  At tomorrow's close, pay attention to UTIL 475.49 since it will provide a heads-up on next week's action.  If UTIL, now at 474, moves higher tomorrow and closes near or above 475.49, this is a huge plus for bulls and it will lead to new highs next week in the SPX. If UTIL is weak tomorrow, and turns negative and moves lower away from 475 that would provide the bears with a peace of mind thru the weekend.

For the SPX starting at 1498, the bulls need to push up thru 1504 and an upside acceleration to 1511 will occur in quick order. The bears need to push under 1497, only one point lower, and that will accelerate the downside, likely straight down thru the strong 1495-1496 support. A move thru 1498-1503 is sideways action. Markets are very erratic and unstable. The Friday session should be interesting.

2/3/13; 7:00 PM EST =
2/1/13; 10:00 AM EST =
2/1/13; 9:00 AM EST =
1/31/13; 7:00 PM EST EOM = +63; signal line is +41
1/29/13; 10:00 AM EST = +63; signal line is +40

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