STOCK MARKET BULLISH -- LONG

Keybot is bullish to start the new week of trading; the algorithm now idling ahead of tomorrow's open. The financials drifted higher late in Friday's session so the indexes drifted up as well.  The only two major sectors that are bearish, as perceived by the algorithm, are the semiconductors and commodities.  Watch the financials, XLF, now at 15.46, to gauge the direction of the broad markets for Monday.  If the XLF stays above 15.42, the broad market indexes will float upwards, if the XLF moves below 15.42, the indexes will drift lower.

The gap at SPX 1360 remains unfilled. The SPX range on Friday was a wide 20 points, so some sideways movement Monday would be in order.  If the bulls can push the SPX above 1352.39, it's off to the races again, 1357 will be tested, then perhaps the 1360 gap will be filled.  If the bears can take the SPX lower and get under the 1344 handle in tomorrow's session, the move down will accelerate to test support at 1331, 1329 and 1326. Otherwise, a sleepy day across the 1334 thru 1351 range is likely.

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 = +34; signal line is +10

7/8/11; 3:35 PM EST = +34; signal line is +8

7/8/11; 10:01 AM EST = +18; signal line is +6

7/8/11; 9:30 AM EST = +34; signal line is +5

7/8/11; 9:00 AM EST = +50; signal line is +3