Thursday, February 6, 2014

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is long moving into the Monthly Jobs Report number tomorrow morning. Utilities, semiconductors and commodities are controlling market direction currently. Watch UTIL 504.65 and 495.50, SOX 523.92 and GTX 4776. Bulls need to push UTIL above 504.65 before the closing bell and this signals that an upside rally is fully sustainable. Bears need to push either UTIL under 495.50, SOX under 523.92 or GTX under 4776, or they got nothing.

For the SPX starting at 1773, the bulls only need one single point, to push up through 1774, and the upside will accelerate to test 1781. The bears need to retrace today's large upside move, a formidable task, so instead, the bears will focus on pushing utilities, semi's and commodities lower to create negativity. A move through 1754-1773 is sideways action. Markets are highly erratic and unstable.

2/9/14; 7:00 PM EST =
2/7/14; 9:00 AM EST = 
2/6/14; 10:32 AM EST = +0; signal line is -14; go long 1767; (Benchmark SPX for 2014 = -3.8%)(Keybot this trade = +0.0%; Keybot for 2014 = +0.0%)(Actual this trade = -0.1%; Actual for 2014 = -1.3%)

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