Thursday, February 17, 2011

KEY SECTOR AND SPX PRICE TODAY

Keybot the Quant is long but tenuously long.  The oscillator signal prefers the short side but the algorithm is temporarily overriding the oscillator.  Stay tuned today for a firming of the signals in one direction or the other.

Watch UTIL 409.60, which failed yesterday.  Also, SPX 1329.51.  If the markets stay above these values then the bulls remain in control.  If SPX 1329.51 fails after the open with the utilities remaining sub 409.60, then Keybot the Quant will probably trigger to the short side again.

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