Thursday, January 24, 2013

STOCK MARKET BULLISH -- LONG -- CAUTION


Keybot the Quant remains long as another number prints today and the to and fro dance of the utilities back and forth across UTIL 466.79 continues. Note how the quant is jogging the signal line higher as the day moves along.  The higher the signal line moves the easier it is for Keybot to flip to the short side, when the time comes. Copper, JJC, is at 46.35 above the bull-bear line at 45.90 and volatility, VIX, is at 13 remaining below the 16 bull-bear line so the bulls continue to receive strength from these two parametersWatch UTIL 466.79 into the closing bell

1/27/13; 7:00 PM EST =
1/24/13; 2:43 PM EST = +63; signal line is +36
1/24/13; 1:43 PM EST = +47; signal line is +34

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