Wednesday, December 7, 2011

STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long and finally prints a couple numbers for this week due to copper weakness.  Copper is the focus today. Watch JJC 45.40 closely. The algo number is 44 points above the signal line thus remaining very bullish but the spread is narrowing moving towards the inevitable flip to the short side at some point in the future. For now, bulls remain in favor.

12/11/11; 7:00 PM EST =
12/9/11; 10:00 AM EST =
12/7/11; 10:49 AM EST = +22; signal line is -22
12/7/11; 10:34 AM EST = +6; signal line is -25
12/4/11; 7:00 PM EST = +22; signal line is -27
12/2/11; 9:00 AM EST = +22; signal line is -30

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