Tuesday, December 18, 2012

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is long as another melt-up day ends. Watch VIX 15.85, JJC 45.50 and UTIL 466. Volatilty and copper are bullish while utilities are bearish. Any change to any of these three parameters will move the markets in that respective direction. The bulls are in control. For the SPX, starting at 1447, the bulls only need one point higher, to poke up thru 1448 and an upside accelration will occur.  The bears need to push under 1431, sixteen points lower to regain their mojo.  A move thru 1432-1447 is sideways action. Keybot prints a pre-scheduled number before the open so the action can be updated at that time. Markets remain erratic and unstable.

12/21/12; 10:00 AM EST =
12/19/12; 9:00 AM EST =
12/18/12; 10:30 AM EST = +33; signal line is +17
12/16/12; 7:00 PM EST = +17; signal line is +16

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