Keybot the Quant remains bullish moving into the Tuesday session. Markets move sideways to begin the week. The quant is focused on UTIL 467.18 and JJC 45.80. Both remain above the levels shown creating market bullishness. Bears must push under the levels shown and, if so, Keybot will likely flip short. Otherwise, the bulls rule.
For the SPX starting at 1500, the bulls need to push above 1503 to ignite an upside acceleration thru 1505 beginning the move to 1511. The bears must push under 1496 to accelerate the downside. The 1495-1496 level is key support and would lead to bearish markets if it fails. A move thru 1497-1502 is sideways action today. Keybot prints a pre-scheduled number this morning at 10 AM so the market action can be updated at that time. Markets are expected to pivot at 10 AM. Futures are down five so the SPX may make a run at 1495-1496 support after the bell rings.
1/31/13;
7:00 PM EST EOM =
1/29/13;
10:00 AM EST =
1/27/13; 7:00 PM EST
= +63; signal line is +40
1/25/13;
12:06 PM EST = +63; signal line is +39
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.