Friday, January 13, 2012

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long thru the three-day holiday weekend.  U.S. markets are closed Monday in Observance of the Dr. Martin Luther King Day holiday so the action does not pick up until Tuesday morning. The SPX regained the 1286 level as the session played out but the algorithm simply idled along into the close without printing any additional numbers. Next week's road map will be laid out when the Sunday pre-scheduled number prints. The market bulls keep on truckin', for now.  SPX 1281, the 12-month MA, is an important level to watch next week.

1/15/12; 7:00 PM EST =
1/13/12; 10:26 AM EST = +36; signal line is +22
1/13/12; 10:18 AM EST = +22; signal line is +21
1/13/12; 10:00 AM EST = +36; signal line is +21

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