STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is long but on the verge of flipping short.  JJC 44.20 failed at the open creating market weakness.  XLF failed 14.45 thereafter adding further weakness.  Watch NYA 7750, if it fails, markets will tumble substantially lower.  The bulls will try to drive the XLF back above 14.45 and higher to stop the downward slide.  The VIX is remaining relatively low at 16.30 which prevents the bears from gathering downside steam. Stay alert, markets will bounce, or die, from these levels.

7/22/12; 7:00 PM EST =

7/20/12; 9:45 AM EST = +28 signal line is +28 but the algorithm says stay long

7/20/12; 9:30 AM EST = +44 signal line is +27

7/19/12; 9:30 AM EST = +60 signal line is +26

Note Added 7/20/12 at 2:02 PM:  NYA came down to 7752 and bounced at 1:30 PM so the bulls are hanging on by a fingernail. If NYA 7750 fails, and SPX 1362 fails, Keybot will likely flip to the short side. Otherwise, the bulls should limp into the weekend.