Sunday, February 10, 2013


Keybot the Quant is bullish moving into the new week. The utilities are key with UTIL 469.78 and 467.71 two very important levels. UTIL starts the week at 474.46, above both levels, so the bulls are in control of the broad markets, and the algo will likely print a higher number shortly after the opening bell. If both of those levels are lost, however, Keybot will likely flip short. UTIL 470 would serve as the warning signal. If the bulls keep UTIL above 470 they are fine, if 470 fails, the markets are in serious trouble.

For the SPX starting at 1518, the bulls only need to see a smidge of positivity in the futures overnight and an upside acceleration will occur into the 1520's.  The bears need to push under 1509 to accelerate the downside to 1505 and 1503. A move through 1510-1517 is sideways action. Keybot prints one pre-scheduled number this week on Friday morning. Markets remains erratic and unstable.

2/17/13; 7:00 PM EST =
2/15/13; 10:00 AM EST =
2/10/13; 7:00 PM EST = +63; signal line is +47
2/7/13; 10:10 AM EST = +63; signal line is +47

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