Tuesday, June 28, 2011

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot flips to the long side once the SPX touched 1285.  The indexes jumped higher at that point.  The NYA moved back above the 40 week MA once again stopping the markets from falling into a secular bear market.  Retail is buoyant and helping the bulls but the algorithm now wants to see the RTH above 107.24 and it must be an important level since the RTH is stuck at this level for several minutes now, the bulls and bears fighting it out.

Despite the move to the long side, markets remain unstable, caution is warranted, especially with the wild card of the Europe/Greece vote on austerity over night tonight ahead of tomorrow's session.  The TRIN is elevated which is what you do not expect on a day like this.  It should be under one.

7/31/11; 7:00 PM EST EOM =
7/29/11; 10:00 AM EST =
7/26/11; 10:00 AM EST =
7/24/11; 7:00 PM EST =
7/19/11; 9:00 AM EST =
7/17/11; 7:00 PM EST =
7/15/11; 10:00 AM EST =
7/10/11; 7:00 PM EST =
7/8/11; 9:00 AM EST =
7/3/11; 7:00 PM EST =
7/1/11; 10:00 AM EST =
6/30/11; 7:00 PM EST EOM EOQ2 EOH1=
6/28/11; 10:00 AM EST = -28; signal line is -30
6/28/11; 9:36 AM EST = -28; signal line is -30; go long 1285; (Benchmark SPX for 2011=+2.2%)(Keybot this trade=-0.6%; Keybot for 2011=+4.8%)(Actual this trade via DOG=-0.8%; Actual for 2011=-0.9%)
6/26/11; 7:00 PM EST = -42
6/24/11; 9:45 AM EST = -42

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