Monday, February 11, 2013


Keybot the Quant remains long moving into the Tuesday session. The algo printed +79 today which indicates a strongly overbot market and a top occurring now (see the previous message). Three key parameters require attention for Tuesday; UTIL 469.78, UTIL 468.13 and JJC 46.43. The bears need to touch any two of the three for Keybot to likely flip short. If the bulls keep all three in the bull camp, like now, or at least two of the three in the bull camp, the bulls will maintain control of the markets. Utilities and copper are key. Retail and volatility will likely gain prominence perhaps by late week.

For the SPX starting at 1517, the bulls only need one point higher, to poke up thru the flat-top 1518 resistance and hold above for seven to ten minutes, if so, an upside acceleration into the 1520's will occur in quick order.  The bears are left standing at the altar each day waiting for a move lower that never comes.  Bears need to push under 1514 to accelerate a downside move to test 1511 then lower.  A move thru 1515-1517 is sideways action. Stay alert since the markets may be hitting an inflection point over the next day or two.

2/15/13; 10:00 AM EST =
2/11/13; 9:37 AM EST = +79; signal line is +49
2/10/13; 7:00 PM EST = +63; signal line is +47

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.