Thursday, June 30, 2011

STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long; the bullish move continues today with financials now joining the bull side as measured by the algorithm.  The only major sectors that Keybot views as bearish now are the semiconductors and commodities, everything else is in bull mode.

SPX blew up thru 1314, 1316 and 1319 resistance and price held up at 1321 resistance. Thus, 1321 is an important level moving forward.  Further upside resistance is 1323 and 1326, then very strong resistance at 1329. The algorithm is comfortably bullish now.  Caution is warranted since the upside run occurred on the Greece vote, Trichet's hawkish tone boosting the euro and the window dressing run-up to end the month, quarter, Q2, and first half, H1. All these items are likely short-lived positives for the markets.

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=
6/30/11; 12:08 PM EST = +34
6/29/11; 10:41 AM EST = +18
6/29/11; 9:30 AM EST = +4
6/28/11; 10:30 AM EST = -12
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%)

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