Tuesday, June 19, 2012

STOCK MARKET BULLISH -- LONG

Keybot the Quant is long and very active this week thus far printing eight numbers since Sunday.  The bulls came to play today. The NYA exploded up over 7668. The VIX is under 18. The SOX moves above 383.50 triggering more bull fuel. Use SOX 384 as the level to watch moving forward.  The XLF moved above 14.43 adding more positivity; use the 14.35 level to watch moving forward. The SPX blew thru 1348, then thru 1351, now testing critical resistance at 1358. The algo number is now 59 points above the signal line and for the first time in quite a while, Keybot is removing the caution flag. The bulls are cruising obviously looking for quantitative easing from Chairman Bernanke.

6/24/12; 7:00 PM EST =
6/19/12; 9:59 AM EST = +46 signal line -13
6/19/12; 9:52 AM EST = +30 signal line -15
6/19/12; 9:30 AM EST = +14 signal line -17
6/19/12; 9:00 AM EST = +0 signal line -18

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