High drama continues. UTIL lost the 414.4-ish level twice so far today, the last time minutes ago, it opened the trap door for the broad markets for eight minutes but the market bulls managed to close the trap door just like yesterday morning. UTIL then rocket launched at 10 AM to tag 417 in a few minutes, and is now languishing again with a 415 handle. This accounts for four stabs by UTIL to try and pierce its 50 week MA but each time support holds. This is a feather in the bull's cap. The market bulls may finally be building a base. Continue to watch UTIL 414.4-ish.
Keybot the Quant remains short but the algo is chomping at the bit to go long now. If the SPX can climb a few more handles towards 1145, Keybot will more than likely flip to the long side. Stay tuned.
9/4/11; 7:00 PM EST =
9/2/11; 9:00 AM EST =
8/31/11; 7:00 PM EST EOM =
8/30/11; 10:00 AM EST =
8/28/11; 7:00 PM EST =
8/26/11; 10:00 AM EST =
8/23/11; 10:02 AM EST = -72; signal line is -78 but algorithm says stay short
8/23/11; 9:54 AM EST = -88
8/22/11; 12:43 PM EST = -72; signal line is -78 but algorithm says stay short
8/22/11; 12:33 PM EST = -88
8/21/11; 7:00 PM EST = -72; signal line is -77 but algorithm says stay short
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