Saturday, February 1, 2014

STOCK MARKET BULLISH -- LONG -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains long through the weekend. Utilities will tell the story on Monday morning. The bears have the advantage with UTIL under the critical 506.57 which will remain a key level for the entire week. Lots of price drama occurs at this level yesterday and the bears pushed it lower into the closing bell. If UTIL moves above 506.57, the bulls will establish an upside recovery rally. If UTIL stays under 506.57, markets will weaken and sell off. Other areas and levels of interest can be identified once the Sunday pre-scheduled number prints. Keybot wants to go short since the algo number is below the signal line but the move will not yet latch into place.

2/2/14; 7:00 PM EST EOM =
1/31/14; 10:00 AM EST = +2; signal line is +6 but algorithm remains long
1/31/14; 9:36 AM EST = +2; signal line is +8 but algorithm remains long

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