Sunday, July 7, 2013

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is long moving into the new week of trading. To gain upside fuel, the bulls need to push UTIL (utilities) above 480.72 and/or push VIX (volatility) below 14.25. The bears need to push GTX (commodities) under 4736 to establish broad market selling. For the SPX starting at 1632, closing at the highs, the bulls only need to see a smidge of positivity in the S&P futures and it is off to the races higher after the opening bell to test the strong 1636 resistance, and then onward to the 1649-1650 level if 1636 gives way.  The bears need to reverse Friday's big upside move, a formidable task, but not at all impossible, and push under 1615 to accelerate the downside. A move through 1616-1631 is sideways action to begin the week. The bulls are cruising. Keybot prints one pre-scheduled number this week on Friday morning.

7/14/13; 7:00 PM EST =
7/12/13; 10:00 AM EST =
7/7/13; 7:00 PM EST = +19; signal line is -3
7/5/13; 9:00 AM EST = +19; signal line is -4

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