Keybot the Quant is long ahead of the Monthly Jobs Report which is perhaps the most important economic data release this year. UTIL is well above 472 which creates bullish markets and this number will expire tomorrow. For next week, UTIL 481.36 will be tracked by the quant. The bulls must maintain UTIL above 481.36, if it drops below it will create broad market selling. So into the 4 PM EST close tomorrow pay attention as to where UTIL closes since this will directly affect trading at 9:30 AM Monday.
For the SPX for Friday, starting at 1461, the bulls need to push up and over 1463 to accelerate the upside and the bears need to break down thru 1451 to accelerate the downside. A move thru 1452-1462 is sideways action. A pre-scheduled number prints at 9 AM, after the Monthly Jobs Report, so the market action can be updated at that time.
10/7/12; 7:00 PM EST =
10/5/12; 9:00 AM EST =
10/1/12; 10:00 AM EST = +60; signal line is +58; go long 1453; (Benchmark SPX for 2012 = +15.5%)(Keybot this trade = +0.6%; Keybot for 2012 = +15.3%)(Actual this trade = +1.2%; Actual for 2012 = +8.9%)
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