Keybot the Quant remains long as the bulls show up in a big way today. UTIL, GTX and JJC are all in the bull camp creating market upside. The SPX punches thorugh 1711.50, then 1715 resistance, then 1720, then 1722 holds, for now. The bulls are in full control again with the algo number 25 points above the signal line. The caution flag remains out due to the current instability of markets. Watch UTIL 484.08 and GTX 4888 for clues today.
10/17/13;
9:00 AM EST =
10/16/13; 9:48 AM EST
= +64; signal line is +39
10/16/13; 9:30 AM EST
= +48; signal line is +37
10/15/13;
2:32 PM EST = +34; signal line is +35 but algorithm remains long
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