Tuesday, March 12, 2013

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long moving into the Tuesday session.  The algo is idling along without printing any numbers yesterday.  The quant is tracking VIX 15.20 and GTX 4930. The bulls will gain more upside fuel with GTX 4930; the bears will gain fuel with the VIX above 15.20. If the VIX stays under 15.20, and the GTX stays under 4930, the markets will continue along sideways with an upward bias.

For the SPX on Tuesday beginning at 1556, the bulls have an easy road today, only needing to see a smidge of green in the futures and that will create a move up through the strong 1556 resistance and onward to test the all-time closing high at 1565. The bears must keep the futures negative into the U.S. opening bell and then push the SPX under 1548 to accelerate the downside.  A move through 1549-1555 is sideways action today. The beat goes on, the bulls are cruising.


3/17/13; 7:00 PM EST = 
3/15/13; 10:00 AM EST = 
3/10/13; 7:00 PM EST = +49; signal line is +42
3/8/13; 9:00 AM EST = +49; signal line is +42

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