Saturday, September 21, 2013

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is bullish through the weekend. Note how UTIL closes exactly on the 485.33 number which is important for all next week. The algo identifies another number in advance; amazing how it works out this way quite often. This one is not so much of a mystery, however, since it is the weekly close 15-weeks ago. Many algo's, including Keybot, have the utility 15-week look-back number programmed as well as the 50-week MA so the robots parked UTIL on the line at 485.33 and the move on Monday will send markets in the same direction as UTIL moves. Next week's areas and levels of interest can be identified once the Sunday pre-scheduled number prints tomorrow. UTIL 485.33, 483.35 and GTX 4889 will be key.

9/22/13; 7:00 PM EST =
9/20/13; 2:28 PM EST = +63; signal line is +24

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