Friday, July 6, 2012

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is long ahead of the open but considering the weak jobs report a short time ago, the algo may threaten a shift to the bear side.  The pre-scheduled number prints resulting in the signal line climbing three points.  Pay close attention to VIX, SOX and NYA as previously described. If two, or especially all three, turn bearish, Keybot will likely be on the verge of going short. Also watch to see if the SPX 1363-1364 level fails which will usher in increased market negativity.

7/8/12; 7:00 PM EST =
7/6/12; 9:00 AM EST = +62; signal line is +30
7/5/12; 10:45 AM EST = +62; signal line is +27

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.