Wednesday, January 11, 2012


Keybot the Quant remains bullish and calmly exited the session without printing any additional numbers.  For Thursday, watch the commodities, the CRB 313.20 level.  CRB begins at 313.61 on the bull side which helps create broad market bullishness. If the CRB moves under 313.20, the broad indexes will noticeably weaken.  Copper exploded higher today, the JJC took off to the uspside like a rocket; this is the main reason for the indexes recovering to the upside today.  The China inflation data will effect copper tomorrow so observe the action in JJC.

For the SPX on Thursday, starting at 1292.48, resistance is overhead at 1292.66, then 1293.80. If the market bulls can boost the SPX only a point and one-half higher to move above 1293.80, the bull party will continue for the broad markets as the indexes accelerate higher.  Thus, if the futures are green the market bulls will be in great shape in the morning. For the market bears, if the SPX drops under 1285.50, a test of the 1281 level will come quickly.  The markets would be in serious trouble if the SPX drops under 1281. A move thru SPX 1286-1292 is sideways action. Tommorrow is nuts with the ECB rate decision, European bond auctions, China inflation data, Jobless Claims, Retail Sales and the also the 30-Year Bond Acution at 1 PM. Hang on to your hat, expect the unexpected.

1/15/12; 7:00 PM EST =
1/13/12; 10:00 AM EST =
1/11/12; 12:15 PM EST = +50; signal line is +20
1/11/12; 11:02 AM EST = +36; signal line is +20
1/11/12; 9:24 AM EST = +50; signal line is +19

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