Wednesday, February 6, 2013


Keybot the Quant remains long as three days pass this week and the algo has not printed any numbers yet this week.  The excitement settles around the utilities sector which will determine market direction.  The bulls need UTIL 475.49 and higher. The bears need UTIL 467.69 and lower.  UTIL sits at 473.39. Tomorrow may tell the tale.

For the SPX on Thursdays starting at 1512, the bulls only need to push pennies higher to ignite an upside acceleration. Therefore, the overnight futures are uber important, and the ECB rate decision occurs at 7:45 AM EST, which will push the futures one way or the other providing the answer. The bears need negative futures and to push under 1505 to accelerate the downside to 1498 in quick order.  A move thru 1506-1511 is sideways action. Bears got nothing unless they can grab UTIL 467.69.

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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