Saturday, December 1, 2012

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant moves thru the weekend remaining on the long side. Volatility, VIX, joined the bear camp yesterday causing the market weakness and malaise during the session. VIX 15.85 is key for early next week.  The VIX dropped into the close but remains on the bear side by a couple pennies, above 15.85. SOX and XLF remain in the bull camp preventing the bears from making any headway south.  The specific levels and areas of interest can be identified for Monday and next week once the Sunday pre-scheduled number prints tomorrow. Caution is required since the bulls and bears continue to fight it out.

12/2/12; 7:00 PM EST EOM =
11/30/12; 11:30 AM EST = +19; signal line is +2
11/29/12; 9:30 AM EST = +35; signal line is +1

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