Monday, November 26, 2012

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is long going into the Tuesday session. The algo did not print any numbers today. The bulls need to push copper, JJC, above 44.90, or the SOX above 372.50, and the markets will accelerate higher. The bears need to push the VIX above 15.91, or XLF below 15.62, and the markets will accelerate lower. For the SPX starting at 1406, the bulls need to push above 1409 which will trigger an upside market acceleration. The bears need to push under 1398 to ignite a strong downward acceleration. A move thru 1399-1408 is sideways action. Markets remain highly erratic and unstable. Expect the unexpected. Despite the 35 point difference between the algo number and the signal line with the bulls cruising, use extreme caution.  Keybot prints a pre-scheduled number at 10 AM so the market action can be updated at that time.

12/2/12; 7:00 PM EST EOM =
11/27/12; 10:00 AM EST =
11/25/12; 7:00 PM EST = +3; signal line is -32

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