Tuesday, January 28, 2014

STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains short as the pre-scheduled and one other number prints thus far today. The bulls are finally able to push UTIL above 494.90 so this creates broad market lift. Note how the semiconductors, SOX, collapsed to 522.26 today, testing the critical 522.40 bull-bear line in the sand, but bounced. Thus the bulls started running with the ball pushing utes higher. Watch UTIL 494.90 and SOX 522.40.

The bulls next target for UTIL is 496.05 and if that is achieved, a firm upside recovery rally will be in place for equities with the SPX heading easily up over 1800. If UTIL loses 494.90, the bulls will fold like a cheap suit with equities tumbling lower. The bulls pushed the SPX up above 1793 today but are not yet able to touch 1796. UTIL 494.90 is very important and price is now printing 495.23.

1/31/14; 10:00 AM EST =
1/28/14; 12:36 PM EST = -14; signal line is +31
1/28/14; 10:00 AM EST = -30; signal line is +33
1/27/14; 9:36 AM EST = -30; signal line is +35

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