Friday, July 8, 2011

STOCK MARKET BULLISH -- LONG

Keybot remains long; two numbers were printed out by the algorithm yesterday reinforcing the bullishness. The commodities sector is the only bearish sector as perceived by the algorithm, all other major sectors are bullish.  Once the financials moved up yesterday and the SPX 1341 gave way, the flood gates opened to the upside.

SPX resistance at 1344, 1347, 1349 and 1354 could not hold back the bull. The 1360 gap fill is in sight now. The 1368-1370 area is critical, if that level is overtaken, the bulls will be on their way to 1400+.  But, at this juncture, that would not be expected. The behavior at 1360 and 1365 will be important.

For today, if the bulls touch 1357, it's off to the races again for the upside, the 1360 gap fill will occur and the fight for 1365 will begin.  The bears need to move the SPX down to 1340, if they can lose the 1340 handle, they can accelerate the indexes downward, but, barring this, the bears got nothing. A pre-scheduled number will click off at 9 AM.

7/31/11; 7:00 PM EST EOM =
7/29/11; 10:00 AM EST =
7/26/11; 10:00 AM EST =
7/24/11; 7:00 PM EST =
7/19/11; 9:00 AM EST =
7/17/11; 7:00 PM EST =
7/15/11; 10:00 AM EST =
7/10/11; 7:00 PM EST =
7/8/11; 9:00 AM EST =
7/7/11; 10:28 AM EST = +50
7/7/11; 9:30 AM EST = +34
7/6/11; 9:30 AM EST = +18; signal line is -5
7/5/11; 9:49 AM EST = +34; signal line is -7
7/3/11; 7:00 PM EST = +50
7/1/11; 10:03 AM EST = +50
7/1/11; 10:00 AM EST = +34
7/1/11; 9:35 AM EST = +34
6/30/11; 7:00 PM EST EOM EOQ2 EOH1= +18
6/30/11; 1:16 PM EST = +18
6/30/11; 12:08 PM EST = +34
6/29/11; 10:41 AM EST = +18
6/29/11; 9:30 AM EST = +4
6/28/11; 10:30 AM EST = -12
6/28/11; 10:00 AM EST = -28; signal line is -30
6/28/11; 9:36 AM EST = -28; signal line is -30; go long 1285; (Benchmark SPX for 2011=+2.2%)(Keybot this trade=-0.6%; Keybot for 2011=+4.8%)(Actual this trade via DOG=-0.8%; Actual for 2011=-0.9%)

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