Keybot the Quant remains long as a new trading week is underway and the algo prints a number to further bolster the bull case. Utilities recovered today with UTIL moving above the 480.38 bull-bear line in the sand creating bull fuel for the broad indexes. The SPX receives the smidge of positivity at the opening bell so a multi-handle upside acceleration results. Watch UTIL 480.38 today. If UTIL stays above, now at 482.10, the bulls will rule the day. If UTIL drops back under 480.38, the bears will growl and the broad indexes will weaken. The bulls are running with the algo number a comfortable 37 points above the signal line so the caution flag is put away.
7/14/13;
7:00 PM EST =
7/12/13;
10:00 AM EST =
7/8/13; 10:20 AM EST
= +35; signal line is -2
7/7/13;
7:00 PM EST = +19; signal line is -3
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