Tuesday, February 5, 2013

STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long as the drama plays out in the utilities sector.  UTIL closed at 472.52 unable to decide if the nod is given for market bulls to take markets higher (UTIL 475.49), or, if the bears will win forcing markets well under SPX 1500 if UTIL 467.67 is lost.  The theatrics continue until a winner is decided. VIX 16 is also key and RTH 45.20 is coming on the radar screen.

For the SPX starting at 1511, the bulls need to touch the 1515 handle, if so, the markets will accelerate higher and 1520's are on the way.  The bears must retrace the Tuesday up move and push under 1496 to regain downside momo. A move thru 1497-1514 is sideways action.

2/10/13; 7:00 PM EST =
2/3/13; 7:00 PM EST = +63; signal line is +44
2/1/13; 10:00 AM EST = +63; signal line is +44

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