Friday, October 28, 2011

STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long; the pre-scheduled number just printed without any change except for a continually higher moving signal line. The higher the signal line moves the closer the quant comes to flipping short. JJC (copper) is above 46.75 so the market bulls are fine. The CRB remains five points away from 327.90 so do not expect any further bull strength.

SPX bounced off support at the 12-month MA at 1277 so far today.  This level is important.  Also the 200 day MA at 1274. If JJC remains above 46.75 and CRB remains below 327.90 the broad markets will motor along sideways. If the JJC fails 46.75, the market selling will increase.

10/31/11; 7:00 PM EST EOM =
10/30/11; 7:00 PM EST =
10/28/11; 10:00 AM EST = +36; signal line is -11
10/27/11; 11:59 AM EST = +36; signal line is -13
10/27/11; 9:30 AM EST = +22; signal line is -15
10/26/11; 3:59 PM EST = +6; signal line is -17
10/26/11; 3:47 PM EST = -8; signal line is -18
10/26/11; 3:31 PM EST = +6; signal line is -18
10/25/11; 10:00 AM EST = -8; signal line is -20
10/25/11; 9:30 AM EST = -8; signal line is -20
10/24/11; 10:34 AM EST = +6; signal line is -21
10/24/11; 9:30 AM EST = -8; signal line is -23; go long 1238; (Benchmark SPX for 2011=-1.6%)(Keybot this trade=-2.7%; Keybot for 2011=+26.4%)(Actual this trade via MYY=-3.8%; Actual for 2011=+36.5%)

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