Thursday, July 28, 2011

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short after printing two numbers this morning.  Retail rejoined the bull camp at the opening bell which provides market buoyancy. The NYA is back above the 40 week MA showing that the secular bulls have the upper hand again.  The bears could not, as yet today, push under 1303.50, so the bulls are running with the ball instead. Caution is warranted since the algorithm number is approaching the signal line again.

7/31/11; 7:00 PM EST EOM =
7/29/11; 10:00 AM EST =
7/28/11; 10:05 AM EST = +4; signal line is +17
7/28/11; 9:30 AM EST = -10
7/27/11; 3:46 PM EST = -26
7/27/11; 2:27 PM EST = -12
7/26/11; 10:00 AM EST = +4; signal line is +24
7/25/11; 9:30 AM EST = +4; signal line is +24

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