STOCK MARKET BULLISH -- LONG

Keybot the Quant is long. Market bulls came to play today, once the Greece news bounced the euro overnight, the indexes were off and running because of the lower dollar.  The algorithm clicked off 11 numbers today including the two pre-scheduled numbers.  That is a very active day reflecting indecisive and unstable markets.

At noon time, Keybot was on the verge of wanting to jump back short, but once commodities received an extra push after lunch, as well as semiconductors and technology finally kicking in today, the markets ran up into the close.  The SPX ran from 1338 to 1345, 7 points, or one-half percent, in the last 45 minutes--that's a point up every six minutes.

The only major sectors that are bearish by the algoithm's standards are financials and copper, the two compadres. These two sectors topped and rolled over in February, now four months ago, and both are market leaders.  The SPX has limited upside unless the financials join the party.  Copper turned bullish today to help the initial market push up after the bell, but then gave up the ghost and spent the rest of the day, and closed, in the bear camp.

Thus, Keybot is scanning financials and copper with great interest, as well as semi's and commodities. Watch copper to see if 419.13 is taken out to the upside, if so, the bulls will run.  Similarly, watch XLF at 16.00, now at 15.84, so XLF needs 16 pennies to turn financials happy, which in turn will send the broad markets higher.  If these two compadres continue to be Gloomy Gus's and refuse to join the bull fun, then they will most likely pull other sectors lower towards them in the days ahead.  For now, the bulls are in control again.

Markets are unsettled and unstable, caution is warranted. 

7/3/11; 7:00 PM EST =

6/30/11; 7:00 PM EST =

6/28/11; 10:00 AM EST =

6/26/11; 7:00 PM EST =

6/24/11; 10:00 AM EST =

6/19/11; 7:00 PM EST =

6/16/11; 9:00 AM EST =

6/12/11; 7:00 PM EST =

6/10/11; 10:00 AM EST =

6/5/11; 7:00 PM EST =

6/3/11; 9:00 AM EST =

5/31/11; 7:00 PM EST EOM = +18; signal line is +4

5/31/11; 3:44 PM EST = +32

5/31/11; 1:21 PM EST = +16

5/31/11; 12:03 PM EST = +2; signal line is +1

5/31/11; 10:34 AM EST = +16

5/31/11; 10:07 AM EST = +32

5/31/11; 10:00 AM EST = +16

5/31/11; 9:53 AM EST = +16

5/31/11; 9:32 AM EST = +32

5/31/11; 9:30 AM EST = +16; signal line is +1; go long 1335; (Benchmark SPX for 2011=+6.1%)(Keybot this trade=+0.5%; Keybot for 2011=+3.6%)(Actual this trade via SH=-0.2%; Actual for 2011=-0.5%)