Wednesday, February 20, 2013

STOCK MARKET BULLISH -- LONG -- CAUTION


Keybot the Quant is long moving into the Wednesday session. The pre-scheduled number prints resulting in a one-tick increase to the signal line. Watch UTIL 468, JJC 46.50 and GTX 4930. Copper is weak again this morning.  The dollar is higher. The futures are flat unable to firmly commit to the bull case as yet. The bulls only need to see a smidge of upside and this will accelerate a move higher once again. The bears must push the SPX under 1520 to accelerate the downside. A move through 1521-1530 is sideways action today.

2/24/13; 7:00 PM EST =
2/20/13; 9:00 AM EST = +63; signal line is +57
2/19/13; 9:37 AM EST = +63; signal line is +56

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