Thursday, April 19, 2012

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long. The SOX ran higher this morning ushering in the broad market strength, then SOX tumbled lower taking the markets back down.  Volatilty remains low and the BAC and MS positive bank earnings are helping keep XLF elevated.  Watch SOX 422.20 (now bearish), VIX 19 (now bullish) and XLF 15.10 (now bullish) to gauge broad market direction.

4/22/12; 7:00 PM EST =
4/19/12; 11:09 AM EST = +30; signal line is +10
4/19/12; 10:31 AM EST = +46; signal line is +10
4/18/12; 11:55 AM EST = +30; signal line is +9
4/18/12; 11:32 AM EST = +16; signal line is +9

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