Tuesday, March 27, 2012

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long moving into the Wednesday session. Watch JJC 49, now at 49.62, since broad market weakness will accelerate if this target is hit.  Likewise, CRB 312.30, now at 315.43, which also leads to significant market weakness.  The utilities is another sector the algo continues to monitor, but UTIL at 458 is well above any danger at 446 for this week, but by Friday's close it must be above 463 or next Monday will be setting up for the market bears.  A stronger dollar may give the bears a run lower at the JJC and CRB targets, bulls will simply try to keep the dollar weak.

For the SPX, starting at 1412.52, the bulls need to touch the 1419 handle and the markets will accelerate higher.  The bears need to see price drop under 1412, that will signal the all clear for an accelerated move lower for the broad indexes. A move thru 1413-1418 is sideways action. Markets remain unstable, the dollar and AAPL lead the markets, stay cautious.

4/1/12; 7:00 PM EST EOM EOQ1 =
3/30/12; 10:00 AM EST =
3/27/12; 10:00 AM EST = +76; signal line is +66
3/26/12; 2:18 PM EST = +76; signal line is +65; go long 1412; (Benchmark SPX for 2012  = +12.2%)(Keybot this trade = -1.4%; Keybot for 2012 = +3.8%)(Actual this trade = -1.3%; Actual for 2012 = +5.5%)

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