Keybot the Quant is long as of 2 PM today. Chairman Bernanke beat the dollar with a baseball bat so copper, commodities, oil, gold and equities took a rocket ride higher. The quant continues to watch copper and commodities since the initial cracks in the markets would appear here first, based on the current market action. JJC is at 50, it would have to drop under 49 and CRB is 315 and would have to drop under 312.40 to make bears happy. Therefore the dollar remains the key, bulls want a weak dollar and are handing Bernanke the Lousiville Slugger to do his deeds, while the bears want to see a stronger dollar so copper and commodities can move lower and take the markets lower.
Markets remain very unstable. Stay on guard for a whipsaw which would not be surprising in these markets. Caution is required. Keybot prints a pre-scheduled number tomorrow morning one-half hour after trading begins so the action can be updated then.
4/1/12; 7:00 PM EST EOM EOQ1 =
3/30/12; 10:00 AM EST =
3/27/12; 10:00 AM EST =
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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