Friday, July 27, 2012

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is long. The algo prints two numbers to begin the Friday session, one is the pre-scheduled number. The market bulls are in firm control now. The XLF is above 14.45, SOX above 375.30, and NYA jumped above 7756. The bears will not experience any downside unless one of these three characters turn bearish. Copper continues to lag and not yet participate in the bull rally.  This is odd considering that Dr. Copper is always the market leader. Caution is warranted.

7/29/12; 7:00 PM EST =
7/27/12; 10:00 AM EST = +60; signal line is +26
7/27/12; 9:30 AM EST = +60; signal line is +25
7/26/12; 3:59 PM EST = +46; signal line is +24

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