Sunday, February 3, 2013
STOCK MARKET BULLISH -- LONG
Keybot the Quant is long going into the new week of trading. There are no pre-scheduled numbers this week so Keybot is at the mercy of the markets. UTIL is now at 474.53. The bulls need to push UTIL up thru 475.49 and the upside will explode higher. The bears must prevent 475.49 since this will prevent further market upside. The bears then must push UTIL lower and under 467.29, if so, that will dramatically increase market selling.
For the SPX starting at 1513, the bulls only need to see one point higher, 1514+, and the upside orgy will continue to begin the week. The bears need to retrace Friday's move to develop any mojo, a formidable task, but not impossible. The bears would be content with simply driving UTIL lower since that will bring the markets down. A move thru SPX 1499-1513 is sideways action. Markets are erratic and unstable. Stay alert. UTIL 475.49 will dictate market direction after the opening bell rings.
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
Posted by Keybot the Quant™ at 2/03/2013 02:31:00 PM