Monday, September 23, 2013

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long moving into the new week of trading. UTIL 485.33 and 483.35 are key numbers for all of this week. UTIL begins at 485.33 so the directional move in utilities at the opening bell should move markets in that same respective direction. Also watch GTX 4889, JJC 39.97 and VIX 14.60. All three are creating bullishness in markets so any flip to the bear side will further stall any upside rally. If the bulls can keep UTIL above 485.33 all week long and commodities, copper and volatility in the bull camp, then new all-time highs will occur moving forward. Any move to the bear side by any parameter above will place a lid on the equity upside.

For the SPX starting at 1710, the bears have the easy road only needing one negative point, to drop under 1709, and the downside will accelerate. The bulls need to push above 1725 to regain the upside mojo. A move through 1710-1724 is sideways action. The bulls are driving the bus and remain in full control. Keybot prints two pre-scheduled numbers this week, one on Tuesday and one on Friday.

9/29/13; 7:00 PM EST =
9/27/13; 10:00 AM EST =
9/24/13; 10:00 AM EST =
9/22/13; 7:00 PM EST = +63; signal line is +27
9/20/13; 2:28 PM EST = +63; signal line is +24

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