Friday, June 15, 2012

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is long to start the Friday session. Continue watching the RTH 41.10 level which now has price well above creating broad market positivity. The bulls can push the markets another leg higher if the NYA 40-week MA at 7659 is taken out to the upside. NYA starts the day at 7583 only 76 points away.  For the SPX, starting at 1329, the bulls only need touch the 1334 handle and the markets will accelerate higher. The bears need to push the SPX under 1314 and the markets will accelerate to the downside.  A move thru 1316-1332 is sideways behavior today. Keybot prints a pre-scheduled number at 10 AM so the market action can be updated at that time.

6/17/12; 7:00 PM EST =
6/15/12; 10:00 AM EST =
6/14/12; 9:30 AM EST = -14 signal line -23

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