Thursday, January 9, 2014

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is long moving into the Thursday session and has not printed any numbers since Tuesday when the flip to the long side occurred. Bulls need to push UTIL above 493.57 to gain more upside market fuel. Bears need to push UTIL under 482.19, RTH under 59.91, JJC under 40.35 and/or VIX above 14.09 to stop the market upside and gain fuel to the downside (any one parameter would do). If all these parameters remain status quo, markets will float sideways with an upward bias. Copper is weak in early trading down about -0.8% which would place JJC only about one dime away from the bull-bear danger line. If the bears can flip one of the parameters above into their camp, and push the SPX under 1831, Keybot will likely flip short.

For the SPX starting at 1837, the bulls need to push above 1840 to accelerate the upside to test and print new all-time highs. S&P futures are +6 about 3 hours before the opening bell forecasting this move. The bears need to push under 1831 to accelerate the downside. A move through 1832-1839 is sideways action.

1/10/14; 9:00 AM EST =
1/7/14; 10:00 AM EST = +49; signal line is +45; go long 1837; (Benchmark SPX for 2014 = -0.6%)(Keybot this trade = +0.2%; Keybot for 2014 = -0.2%)(Actual this trade = +0.3%; Actual for 2014 = -0.6%)

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