Wednesday, June 13, 2012

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is long as the smoke clears from an interesting day. The RTH failure is a big feather in the bear's cap.  The same set-up occurs tomorrow. At the opening bell watch to see if the RTH, now at 40.97, stays under 41.10, or not. If the RTH stays under 41.10, and the SPX drops under 1310.50, Keybot will likley go short, so tomorrow may provide some drama. The market bulls need to touch the 1327 handle to signal the all-clear for an upside market acceleration. A move thru 1312-1326 is sideways action. A turn may be imminent, the key focus at the open is RTH 41.10 and SPX 1310.50, that will tell you what you need to know.

6/15/12; 10:00 AM EST =
6/13/12; 2:59 PM EST = -30 signal line -24 but algorithm says stay long
6/10/12; 7:00 PM EST = -14 signal line -23

1 comment:

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