Wednesday, May 1, 2013

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long as the algo prints a number after the opening bell due to the higher volatility. The VIX is above 14 creating market weakness but the bears do not yet have the juice to cause a move to the short side. The algo number and signal line are now only one point difference. The SPX LOD is 1590 remaining above the 1586-1587 level that is important support for today.

5/3/13; 9:00 AM EST =
5/1/13; 9:36 AM EST = +32; signal line is +31
4/30/13; 7:00 PM EST EOM = +46; signal line is +32

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