Friday, October 11, 2013

STOCK MARKET BULLISH -- LONG

Keybot the Quant is long as the bulls squeeze out some additional upside juice. The SPX prints green so price moves higher to test the 1697-1698 resistance, and is rejected on the first try. There will likely be additional tries. GTX drops under 4888 which will help the bears place a lid on the market upside. JJC stays under 40.19. XLF is above 20.02 continuing to help the bulls. Bulls are trying to push VIX under 15 which would create further market upside sending the SPX above 1700. Market bears need to push the XLF under 20.02.

10/13/13; 7:00 PM EST =
10/11/13; 10:00 AM EST = +34; signal line is +4
10/11/13; 9:30 AM EST = +34; signal line is +3
10/10/13; 1:42 PM EST = +48; signal line is +3

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