STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is back on the long side. Stocks are trailing steadily higher all day long. An adjustment was made to the data entries below that has no impact on results; it is to correct an internal conflict and keep the model in sync. The algo number retreats off the +100 level to +84 due to the drop in utilities. The bulls will continue the upside by sending UTIL back above 666 (now at 663.66). Otherwise, stocks will likely stall. Retail stocks are strongly higher so everything is going the bull's way. The bears can growl if UTIL falls under 662 but momentum is clearly in the bull's camp.

The S&P 500 (SPX) prints a new all-time record high at 2309.63.

For all of next week, the key levels for UTIL are 665.90-666.00 and 653.27. You can see that the bulls need to push UTIL under 653-ish by the end of trading tomorrow (which is where next week will begin) which is a tall task. The UTIL 665.90-666.00 level is the most important number dictating broad stock market direction now and perhaps the next day or three. This level is very important in dictating the move for the stock market over the intermediate term (weeks and months).

For the last trade, the Keybot program and actual trading both lose -0.5%. The benchmark S&P 500 is up +2.4% this year a healthy gain for six weeks. The Keybot model program is down -3.3% so far this year and the actual trading is down nearly -7%. The choppy sideways slop continues creating losses this year but the model should right the ship as time plays out. Keybot exited SH and entered SPY and remains in the single ETF's due to the sideways whipsaw action.

The upside rally will stall with UTIL under 666. If UTIL moves above 666, the  rally will continue higher. Bears need UTIL under 662 today or tomorrow to create negativity in stocks. If UTIL would fall under 662, and say price continues to trail lower under 660 and perhaps tomorrow under 658 and under 656, towards 653, that will tell you that the stock market breakout is likely a false move higher.

If utes move higher, than the stock market will likely remain buoyant for several days printing more new record highs. At the conclusion of writing this message, UTIL is currently printing at 664.14. Semiconductors may play a key role in broad stock market direction in the days ahead. In these choppy sideways markets, expect anything.

2/12/17; 7:00 PM EST =

2/10/17; 10:00 AM EST =

2/9/17; 11:31 AM EST = +84 signal line is +71

2/8/17; 11:15 AM EST = +100; signal line is +71; go long 2293; (Benchmark SPX for 2017 = +2.4%)(Keybot algo this trade = -0.5%; Keybot algo for 2017 = -3.1%)(Actual results this trade = -0.5%; Actual results for 2017 = -6.8%)

2/8/17; 9:47 AM EST = +84; signal line is +70 but algorithm remains short

2/7/17; 2:09 PM EST = +68; signal line is +69

2/7/17; 1:58 PM EST = +52; signal line is +70

2/7/17; 1:17 PM EST = +68; signal line is +71

2/6/17; 1:45 PM EST = +52; signal line is +71

2/6/17; 12:31 PM EST = +68; signal line is +72

2/6/17; 11:25 AM EST = +52; signal line is +72

2/6/17; 11:18 AM EST = +68; signal line is +73

2/6/17; 9:53 AM EST = +52; signal line is +73

2/5/17; 7:00 PM EST = +68; signal line is +74

2/3/17; 12:58 PM EST = +68; signal line is +74

2/3/17; 11:28 AM EST = +84; signal line is +75 but algorithm remains short

2/3/17; 9:00 AM EST = +68; signal line is +74

2/2/17; 1:39 PM EST = +68; signal line is +75

2/2/17; 10:51 AM EST = +84; signal line is +76 but algorithm remains short

2/1/17; 12:59 PM EST = +68; signal line is +77

2/1/17; 12:48 PM EST = +52; signal line is +77

2/1/17; 9:39 AM EST = +68; signal line is +79

2/1/17; 9:36 AM EST = +84; signal line is +79 but algorithm remains short

1/31/17; 7:00 PM EST EOM = +100; signal line is +80 but algorithm remains short

1/31/17; 3:27 PM EST = +100; signal line is +79 but algorithm remains short

1/31/17; 11:07 AM EST = +84; signal line is +79 but algorithm remains short

1/31/17; 10:00 AM EST = +68; signal line is +81

1/30/17; 2:06 PM EST = +68; signal line is +81

1/30/17; 1:34 PM EST = +52; signal line is +81

1/30/17; 9:35 AM EST = +68; signal line is +82; go short 2282; (Benchmark SPX for 2017 = +1.9%)(Keybot algo this trade = +0.4%; Keybot algo for 2017 = -2.6%)(Actual results this trade = +0.5%; Actual results for 2017 = -6.3%)