Thursday, September 13, 2012

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is long and has not printed any numbers yet this week.  The Fed announces QE3 today and the markets moved higher. The bulls are cruising.  The algo is most interested in SOX 393.25 and UTIL 478.48.  The UTIL 478.48 is not applicable until the closing bell tomorrow and all next week. The bulls must close UTIL over 478.48 tomorrow or the markets will sell off on Monday. Semiconductors jumped today to 402 nine points above the danger level.  For the SPX for Friday, starting at 1460, the bulls need to touch 1464 and an upside market acceleration will occur to test 1468 in short order. The market bears are simply trying to stop the upside momo by preventing 1464 and keeping UTIL under 478. Markets remain erratic and unstable. Do not be lulled asleep by the Fed's move today. Continue exercising caution. Keybot prints a pre-scheduled number at 10 AM so the market action can be updated at that time.

9/16/12; 7:00 PM EST =
9/14/12; 10:00 AM EST =
9/9/12; 7:00 PM EST = +76; signal line is +63

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