Thursday, November 29, 2012

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long.  The algo motored along all day without printing any further numbers. Watch XLF 15.65, SOX 372.42 and VIX 15.85. All three are causing bullishness. Markets will remain buoyant and drift higher if they remain bullish. The bears will try to push one or more of the three into the bear camp to reignite market negativity. For the SPX starting at 1416, the bulls need to touch the 1420 handle, if so, an upside acceleration will occur.  The bears need to push under 1409 to create a downside acceleration. A move thru 1410-1419 is sideways action.

12/2/12; 7:00 PM EST EOM =
11/29/12; 9:30 AM EST = +35; signal line is +1

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