Wednesday, April 2, 2014

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

Keybot the Quant is long as the market circus continues. Commodities collapse today and are the bear's hope to place a lid on any further market upside. Watch GTX 4879. Price dropped under creating market weakness this morning but a short time ago GTX pushed back above which ushered in the highs of the day for the SPX; now price falls back under 4879 to 4874 helping bears again. GTX 4879 is steering the ship today and provides the market path ahead.

The SPX receives its smidge of upside so price accelerated about five handles to near 1891. The bulls are driving the bus but note the algo number and signal line are only one point difference. The bull-bear fight continues. Bears need to keep GTX under 4879 to stop the market upside. Bulls need to push GTX above 4879 and the path to SPX 1900 proceeds. If GTX recovers to the bull camp the imminent turn notation may be removed.

4/4/14; 9:00 AM EST =
4/2/14; 12:49 PM EST = +49; signal line is +48
4/2/14; 12:25 PM EST = +63; signal line is +48
4/2/14; 10:11 AM EST = +49; signal line is +47
4/1/14; 9:30 AM EST = +63; signal line is +48; go long 1877; (Benchmark SPX for 2014 = +1.6%)(Keybot this trade = -0.2%; Keybot for 2014 = +3.8%)(Actual this trade = -1.0%; Actual for 2014 = +3.7%)

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