Wednesday, February 13, 2013


Keybot the Quant remains bullish moving into the Wednesday session. The algo did not print any numbers yesterday. The bulls are on cruise control pumping the utilities higher to keep them up away from danger. Copper also ran higher yesterday which keeps the broad indexes elevated. Watch UTIL 469.78, UTIL 468.13 and JJC 46.43. Bears got nothing unless they can move price through one of these three levels and two would be needed to position Keybot to flip short. The bears could sneak around the back door by sending the retail sector lower and/or pushing volatility higher.

For the SPX starting at 1519, the bulls need to push up through 1522, if so, an upside acceleration will occur into the high 1520's. The bears need to push under 1516 and a downside acceleration will occur to test 1511 quickly. A move through 1517-1521 is sideways action. The bulls have their feet up on the desk without worry but the elevated +79 algo number suggests a market top at anytime in the days ahead. Stay alert and cautious.

2/15/13; 10:00 AM EST =
2/11/13; 9:37 AM EST = +79; signal line is +49

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