Thursday, March 22, 2012

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long but a turn appears imminent today. At the open, JJC lost the 48.90 level, so the algo wants to go short but internal programming rules are holding it back for now.  If the SPX drops under 1393, the algo will likely flip to the short side.  Watch CRB 312.50 now that JJC 48.90 failed.  Market bears need to push harder if they want it today; they are only a hair away.

3/25/12; 7:00 PM EST =
3/22/12; 9:30 AM EST = +60; signal line is +67 but algorithm says stay long
3/20/12; 9:00 AM EST = +76; signal line is +68
3/18/12; 7:00 PM EST = +76; signal line is +67

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