Friday, January 4, 2013

STOCK MARKET BULLISH -- LONG

Keybot the Quant is long moving into the Friday session. The algo prints a pre-scheduled number at 9 AM so the action can be updated at that time.  The quant is tracking three key parameters. UTIL 465.94 and GTX 4958 continue to help the bears.  VIX under 16.50 is providing bull fuel.  One of these three will flinch and send the markets in that direction. The algo is also watching JJC 45.40 which is helping the bulls currently.  For the SPX today, starting at 1459, the bulls need to touch 1466, which would take out the 2012 closing high, only seven points away, and an upside acceleration will occur into the 1470's. The bears need to push under 1456 to create a downside acceleration, an easier road only requiring three negative points. A move thru 1457-1465 is sideways action. Markets remain unstable.

1/6/13; 7:00 PM EST =
1/4/13; 9:00 AM EST =
1/2/13; 10:45 AM EST = +33; signal line is +0
1/2/13; 10:26 AM EST = +47; signal line is -1

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