Tuesday, April 29, 2014

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long as the Tuesday session moves along. JJC loses 37.50 which should place a lid on the market upside but the SPX keeps poking up through the 1878 resistance. XLF is 21.91 above the important 21.80 bull-bear level and creating market positivity. SPX is 1879. If bears can maintain JJC under 37.50, the upside move should stall. If JJC moves above 37.50, equities will gallop higher. Bears need XLF under 21.80 or they got nothing.

5/4/14; 7:00 PM EST =
5/2/14; 9:00 AM EST =
4/30/14; 7:00 PM EST EOM =
4/29/14; 11:00 AM EST = +49; signal line is +40
4/29/14; 10:00 AM EST = +65; signal line is +39

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