Friday, April 25, 2014

STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long. The bears come to play and send RTH under the 58.97 level creating market bearishness. The bears cannot gain any strong traction lower, however, since the VIX remains below 14.75, the XLF is above 21.78 and the JJC is above 37.46. All three parameters allow markets to remain buoyant despite today's sell off. The algo number remains 35 points above the signal line so bulls remain steady overall. If 2 of the 3 parameters turn bearish the markets will quickly descend into serious trouble. For now, the bulls are holding the fort. If 1 of the 3 parameters turn bearish the caution flag will be out and an imminent turn status will appear if 2 of the 3 parameters turn bearish. Volatility, financials and copper are dictating market direction currently.

4/27/14; 7:00 PM EST =
4/25/14; 10:00 AM EST = +65; signal line is +30
4/25/14; 9:30 AM EST = +63; signal line is +29
4/24/14; 10:47 AM EST = +79; signal line is +28

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