Friday, August 17, 2012

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long as the pre-scheduled number prints, resulting in a single tick up in the signal line. Watch the drama with JJC 43.60, now printing 43.38, pennies away. Copper has not cooperated with the entire market rally, if the JJC moves above 43.60 and higher, the market bulls will leap higher and not look back. Watch it like a hawk today.  In addition, the SPX is teasing the 1417.50 level to ignite an upside acceleration. Price has touched twice so far in this early trading but unable to punch above as yet. UTIL is weaker, printing a 478 handle for the LOD thus far, ever closer to the 472 danger level.  Lots of drama continues as the bulls drive the rickety bus down the road.

8/19/12; 7:00 PM EST =
8/17/12; 10:00 AM EST = +60; signal line is +46
8/16/12; 9:00 AM EST = +60; signal line is +45

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