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Back to BOT Neutral

We have had a huge huge move from the early October 2011 lows.  We have come too far too fast and are due for a t least a one day pull back or a decline into end of this week to consolidate some of the gains.

The ultimate accomplishment for the sp500 is to be able to get above 1221 and get repeated closes above that range. 

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Posted in BOT Neutral
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Switching BOT Neutral

I am switching to BOT Neutral now until I get a more clear picture about the true direction of this market.  I can make a 1 month bullish case for the market, but I can also make a 1 month bearish case.  Plus tomorrow is option expiration and next week the much awaited Fed meeting.

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Posted in BOT Neutral
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The Inverse H and S Seems to be Working Switching to Neutral

The market is not showing any bearish cards today obviously and it looks like the bearish theory I proposed yesterday is incorrect.  We would need to see a full reversal today and then maybe even a slight negative closing.  This appears extremely unlikely to happen.  In the event that it does happen,

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Posted in BOT Neutral, SP500
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sp500 Breaks out North from Short Term Trading Channel BOT Neutral for Now

The sp500 today broke out north from the tightly compressed downward sloping trading channel we have been working through the past several weeks.  The market appears to want to move higher again to a new 52 week high eventually.

At this point this is a clear long signal again,

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Posted in BOT Neutral, SP500
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The 1300 Tipping Point and Switch to Neutral Around 1300

The market has taken a strong push towards the downside again today.  For now I think I am going to have to use 1300 as the dividing line between bull and bear here in the sp500.

I will stay on a BOT Long signal as long as the sp500 can manage to hold above 1300. 

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Posted in BOT Neutral
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Back to Neutral

I am back to a neutral signal for now.  The tape is not breaking down by any means.  Maybe it will later this month, but for now it just seems like we are not going to get any major sign of weakness in the market yet.

It looks as though earnings season the next couple of weeks is going to prop up the market for a bit longer.

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Switching to Neutral at 1277

It appears as though the sp500 is going to close above the high of Monday of this week today.  I see no point in switching back to a long signal at this point and therefore neutral seems more appropriate.

My take is that the 1300 range on the sp500 is going to be the next major battle line that must be won in order for the market to trade higher again. 

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Posted in BOT Neutral
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Switching to BOT Neutral Signal

I have to switch to a BOT Neutral Signal now at 1184 on the sp500.  We are closing above recent 3 day highs although it is still not end of day yet.  The market appears to be too strong.  It does not want to deliver a sign of weakness to kick off any potential bear trend.

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Posted in BOT Neutral
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BOT Short BOT Long and BOT Neutral Signals

I just went through all of my previous postings back to mid August 2010 time frame and wanted to see if I can label the sp500 correction with BOT short, BOT long and BOT neutral signals based on what I was saying at the time in the postings.  I did not want to go back farther than that because I don’t believe I was using the verbage of ‘BOT Short’ or ‘BOT long’,

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Posted in BOT Long Signal, BOT Neutral, BOT Short Signal, Index Trading, Market Timing
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