Tuesday, October 22, 2013

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long as the Tuesday session is underway. GTX pops above 4890 (use this number instead of 4888) and UTIL above 498 so it is party time for bulls again. The SPX touches the 1748 handle so it accelerates to a HOD at 1756.56 so far today. The algo is overbot again at near 78-80% but bears got nothing unless they move GTX under 4890 or UTIL under 498. JJC is over 41 well above the 40.19 the bears need. The bulls are cruising again. The imminent turn notation is removed, for now, but will return if GTX or UTIL turns bearish. Markets are very unstable and erratic and not to be trusted.

10/25/13; 10:00 AM EST =
10/22/13; 9:50 AM EST = +78; signal line is +59
10/22/13; 9:48 AM EST = +62; signal line is +58
10/22/13; 9:00 AM EST = +48; signal line is +58 but algorithm remains long
10/21/13; 10:30 AM EST = +48; signal line is +57 but algorithm remains long

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