Tuesday, January 17, 2012

STOCK MARKET BULLISH - -LONG -- CAUTION

Keybot the Quant remains long. The market bulls came to play today pushing the NYA up thru the 40-week MA which is a strong broad market bullish indication. This 40-week moving average is at 7688 and NYA is now printing 7706, so 18 points on the bull side.  Keep watching the NYA 7688 today, if price falls back thru that will show that the bears are starting to push back. If NYA stays above 7688, the market bulls are in clover.

The CRB remains under 313 which shows that the bulls do not have as much juice as it may seem thus far today. The Nasdaq is leading the upside today which is bullish.  Extreme caution is warranted. This bullish move comes with complacency so stay alert for a reversal at any time. NYA 7688 will show the way.

1/22/12; 7:00 PM EST =
1/19/12; 9:00 AM EST =
1/17/12; 9:32 AM EST = +50; signal line is +23
1/15/12; 7:00 PM EST = +36; signal line is +22

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