Tuesday, December 4, 2012

STOCK MARKET BULLISH -- LONG -- CAUTION -- TURN MAY BE IMMINENT


Keybot the Quant remains long as the drama plays out. The SPX dipped at the open but recovered. The SOX jumped above 372.75 and is fighting to maintain that level to help the bulls. The algo prints one number thus far today showing the bulls back in control, however, anything can happen; watch SOX 372.75 and XLF 15.65.  The SPX key level to watch today has now dropped to 1407.57.  Thus, if SOX falls under 372.75 and SPX under 1407.5, Keybot will likely flip short.

12/7/12; 10:00 AM EST =
12/7/12; 9:00 AM EST =
12/4/12; 9:40 AM EST = +19; signal line is +5
12/3/12; 3:55 PM EST = +3; signal line is +4 but algorithm says stay long

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