Thursday, October 16, 2014


Keybot the Quant remains short. UTIL failed at 554.27 this morning creating further stock market weakness but then recovered. Watch both 554.27 and the critical 559-ish for next week as previously explained. UTIL will tell you a lot at 4 PM tomorrow afternoon depending on where it closes in relation to 559.43. There you go; current price for UTIL is 559.49 already knowing that this level is a big battle area for the next week. Equities will sell off if UTIL drops under 554.27. If UTIL stays above then equities will float along sideways to sideways higher. The bears remain in firm control.

10/17/14; 9:00 AM EST =
10/16/14; 10:35 AM EST = -37; signal line is -15
10/16/14; 9:47 AM EST = -53; signal line is -14
10/14/14; 12:56 PM EST = -37; signal line is -12

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.