Keybot the Quant remains long heading into Friday trading. A pre-scheduled number prints shortly after the opening bell. The bulls are cruising higher with the algo number 35 points above the signal line. Bears need to push volatility higher, VIX above 16.61, or they got nothing. UTIL is at 603.55. The UTIL 603 level is critical for all of next week and look how price made its way down to make a bounce or die decision. If UTIL is under 603 at the closing bell, stocks will be in trouble come Tuesday morning (markets are closed on Monday for President's Day). If UTIL finishes above 603 today, the bulls will remain in party mode. Bulls will need to push copper and commodities higher to make further upside gains.
For the SPX starting at 2088, the bulls only need a smidge of green in the S&P futures and price will accelerate higher to print new all-time highs in the mid 2090's and that appears on tap. S&P +4. The bears need to push under 2070 to create a downside acceleration. A move through 2071-2088 is sideways action. The bulls are in control and have no worries at all--unless the VIX moves above 16.61.
2/15/15;
7:00 PM EST =
2/13/15;
10:00 AM EST =
2/12/15; 9:36 AM EST
= +70; signal line is +35
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