Saturday, July 28, 2012

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is long thru the weekend. The markets went south early in the week with the bears in firm control.  As the markets were beginning to roll over, the Fed and ECB central bankers performed the stick save, catapulting markets out of the duldrums on their talk of stimulus and easing. Now the bulls are in firm control without a worry. Well, perhaps one major worry.  Copper did not participate in the fun and the quant is fixated on this as a major area of interest.  JJC will play a pivotal role next week. Markets cannot move higher unless copper provides the blessing. Copper and commodities move up if the dollar moves down and euro up.  If the euro moves down, the dollar will move up and copper and commodities will drop. Areas and levels of interest can be identified for next week's trading once the pre-scheduled number prints tomorrow. The caution flag remains out; the markets remain erratic, unstable and require close monitoring.

7/29/12; 7:00 PM EST =
7/27/12; 10:00 AM EST = +60; signal line is +26
7/27/12; 9:30 AM EST = +60; signal line is +25

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