Monday, February 10, 2014

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long. Utilities provide some bull juice, despite the weaker markets today, but then give it up with UTIL moving above 504.65, then dropping back below. The financials are laying an egg with XLF 21.23 preferring the bear camp. Watch UTIL 504.65 since it is the parameter most greatly affecting market direction right now. Bulls need UTIL above 504.65. Bears need UTIL below 504.65. The SPX is sticky at 1796 S/R and will likely move whichever way the utilities dictate.

2/14/14; 10:00 AM EST =
2/10/14; 12:17 PM EST = +0; signal line is -10
2/10/14; 10:48 AM EST = +16; signal line is -11
2/9/14; 7:00 PM EST = +0; signal line is -13

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