Saturday, February 2, 2013

STOCK MARKET BULLISH - LONG


Keybot the Quant remains long thru the weekend. The bulls are taking no prisoners. The free money in the world is pumping new asset bubbles. The only remaining line of defense for bears is UTIL 475.49. This number is in play all next week. The broad markets will take another leg higher if UTIL punches up thru 475.49. The bears must prevent 475.49.  Note in the Friday session, how the utilities fought to move through this level but the bears stopped the bulls, for now. Next weeks areas and levels of interest can be identified once Keybot prints the pre-scheduled number tomorrow.

2/3/13; 7:00 PM EST =
2/1/13; 10:00 AM EST = +63; signal line is +44
2/1/13; 9:00 AM EST = +63; signal line is +42

1 comment:

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