Wednesday, July 18, 2012

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is long into the Thursday session. For today, Wednesday, the algo idled along and did not print any numbers aside from the pre-scheduled number before the open. The bulls will need to push the JJC above 44.20 (now at 44.14 causing market bearishness) to initate a new market leg higher.  Watch this at the opening bell since it will immediately dictate the SPX direction.   Also, keep watching CRB 293.80, NYA 7750, and now the quant is starting to track RTH 41.75 as well. For the SPX starting at 1373, the bulls need only two points, to push up thru 1375, and an upside acceleration will occur.  The bears need to drop the SPX 13 points to accelerate negativity. A move thru 1360-1374 is sideways action. The bull-bear fight continues. Stay alert since the markets are very erratic and unstable. A stronger dollar will push JJC and CRB lower. A weak dollar will push JJC and CRB higher.

7/22/12; 7:00 PM EST =
7/18/12; 9:00 AM EST = +44 signal line is +23
7/17/12; 11:55 AM EST = +44 signal line is +21

1 comment:

  1. Stock and commodity market, both are money making market, One can earn good profit in days from these markets. I also invested money in these markets and earning good profit on daily basis. Sometimes, loss occurs, but its overcome with the profit from next days. At the end i always get profit. But i always play in this market wisely.

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