Keybot the Quant remains long. The bulls came to play again today, pushing the SPX thru 1464 which launches an upside acceleration; the SPX now printing 1473. The bulls want to keep the party going into the weekend. The algo prints the pre-scheduled number a short time ago resulting in no changes. Tech is leading the move higher today with the SOX now over 410. Something to watch as the day plays out is the utilities, as described previously. The bulls need the UTIL 478.48 or higher print today, otherwise, markets will be in sell mode come Monday. UTIL is now printing 474.53, four points below. The screens are green except for utilities which are red so this provides interest to the ongoing bullish action. Continue exercising caution. Do not trust all the market euphoria. Expect the unexpected.
9/16/12; 7:00 PM EST =
9/14/12; 10:00 AM EST = +76; signal line is +63
9/9/12; 7:00 PM EST = +76; signal line is +63
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