Friday, July 26, 2013

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains bullish as the pre-scheduled number results in a one-point bump higher for the signal line. JJC remains under 39.22 causing market bearishness. VIX remains under 14.18 causing market bullishness. SOX remains above 470.70 causing market bullishness. Thus, since none of these three parameters will make a decision, equities stagger along sideways. The SPX is assuming the sideways range through 1681-1690 thus far today now printing 1684. Watch semiconductors, they are looking shaky; SOX now printing 472.11 with a LOD at 471.59 thus far, only a couple points from failure.

7/28/13; 7:00 PM EST =
7/26/13; 10:00 AM EST = +50; signal line is +35
7/24/13; 12:23 PM EST = +50; signal line is +34

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