Wednesday, January 9, 2013

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long idling thru the first couple weeks without printing any numbers thus far.  The bulls need UTIL 466.21 and/or GTX 4950 while the bears need VIX 16.30, RTH 43.75 and/or JJC 45.72. Neither side is interested in mounting an attack so the markets travel sideways. One of the above five parameters will flinch and send the markets in that direction.

For the SPX starting at 1457 S/R, the bulls need to touch 1462 to ignite an upside acceleration to 1468 while the bears need to drop under 1452 to create a downside acceleration to 1444. A move thru 1453-1461 is sideways action.

1/13/13; 7:00 PM EST =
1/6/13; 7:00 PM EST = +33; signal line is +3
1/4/13; 9:00 AM EST = +33; signal line is +2

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