Thursday, January 24, 2013

STOCK MARKET BULLISH -- LONG -- CAUTION


Keybot the Quant remains long as the utilities reverse course falling on their sword. UTIL drops back under 466.79 so negativity enters the broad markets. The bulls need to push UTIL above 466.79 while the bears need to push JJC under 45.90. One of these two should win moving forward and markets will follow along in that direction. The broad indexes remain unstable and erratic. Stay alert and extremely cautious. Markets are not to be trusted.

1/27/13; 7:00 PM EST =
1/24/13; 1:43 PM EST = +47; signal line is +34
1/24/13; 9:50 AM EST = +63; signal line is +33

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