Wednesday, January 16, 2013

STOCK MARKET BULLISH -- LONG -- CAUTION -- TURN MAY BE IMMINENT


Keybot the Quant remains long. The algo drops out of the gate today and is now in position to flip short, however, there are internal programming rules that have to line out properly and for now the bulls continue to steer the ship. Watch GTX 4935 and JJC 45.68, both now in the bear camp causing market weakness today.  The strong support at SPX 1468 is holding so far. The bears need to create weakness and this may be difficult with retail, financials and semi's remaining buoyant and volatility remaining low.

1/17/13; 9:00 AM EST =
1/16/13; 9:30 AM EST = +17; signal line is +17 but algorithm says stay long
1/15/13; 2:10 PM EST = +33; signal line is +16

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