Wednesday, January 16, 2013

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


Keybot the Quant remains long but the algo number is now below the signal line and Keybot wants to flip to the short side.  Other rules continue to hold the quant back. One of the parameters is that the algo wants to see about SPX 1464 before it would commit to the short side and the SPX is now at 1471. GTX 4935 and JJC 45.68 remain extremely important today and the rest of the week. The bulls are holding on to the steering wheel and driving the bus but a few handle drop in the SPX is all that is needed for the bears to take over.

1/17/13; 9:00 AM EST =
1/16/13; 12:02 PM EST = +17; signal line is +19 but algorithm says stay long
1/16/13; 11:04 AM EST = +31; signal line is +18
1/16/13; 9:30 AM EST = +17; signal line is +17 but algorithm says stay long

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