Monday, April 23, 2012

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long. XLF dropped under 15.10 and VIX popped above 19 which is causing the increased bearish action.  RTH is above 41 which helps bulls despite the WMT bribery scandal.  Keybot wants to go short but internal programming rules are holding it back, it needs a couple more things to fall into place. A turn to the short side appears imminent. If SPX stays under 1362 for several minutes that may cause Keybot to change. The bulls are hanging on by their fingernails. 

4/29/12; 7:00 PM EST =
4/27/12; 10:00 AM EST =
4/24/12; 10:00 AM EST =
4/23/12; 9:37 AM EST = +0; signal line is +13 but the algorithm says stay long
4/22/12; 7:00 PM EST = +30; signal line is +12

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