Friday, August 31, 2012

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long. The algo printed two numbers plus the pre-scheduled number thus far today. JJC is well under 43.70 which is contributing to market negativity. The market bears need to see the SOX lose 390, now printing 393, or, the VIX print 18.35, now printing 17.82 to send Keybot to the short side.  UTIL 464 and NYA 7836 remain important.  A turn may be imminent, bulls are hanging on by a thread, but hanging on nonetheless.  Remember to watch for UTIL 467.35 at 4 PM today. The algo number is only six points away from the signal line verifying the ongoing bull-bear struggle.

9/2/12; 7:00 PM EST EOM =
8/31/12; 10:00 AM EST = +60; signal line is +54
8/31/12; 9:48 AM EST = +60; signal line is +54
8/31/12; 9:30 AM EST = +76; signal line is +54
8/30/12; 10:30 AM EST = +60; signal line is +52

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