Tuesday, April 2, 2013

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

Keybot the Quant is long but the algo wants to flip to the short side. Semiconductors broke down a short time ago as shown by SOX falling under 425.  Keybot is held back from flipping since internal rules must be satisfied. If the SPX drops under 1558.47, Keybot will likely flip short, if not, then the algo will remain long through the closing bell. The VIX is over 13 but remains far under the 14.55 bull-bear line in the sand.  The SPX is at 1569. The bulls are driving the bus but the bears have their paws on the steering wheel as well right now.

4/5/13; 9:00 AM EST =
4/2/13; 2:27 PM EST = +33; signal line is +46 but algorithm says stay long
3/31/13; 7:00 PM EST EOM = +49; signal line is +47

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