Keybot the Quant is long in front of the Wednesday session. Lots of drama is occurring with copper as JJC is having trouble punching up thru the 43.75 level identified by the algorithm. The market bulls must attain JJC 43.75 for the market upside to continue. The algo did not print any numbers for the second trading day this week. For the SPX, starting at 1401, the bulls need to touch the 1407 handle to accelerate an upside move. The bears need to push under 1394.50 to accelerate the downside. A move thru SPX 1396-1406 is sideways action. Caution is warranted. Markets remain erratic and indecisive.
8/12/12; 7:00 PM EST =
8/5/12; 7:00 PM EST = +60; signal line is +42
8/3/12; 9:30 AM EST = +60; signal line is +41; go long 1377; (Benchmark SPX for 2012 = +9.5%)(Keybot this trade = -1.2%; Keybot for 2012 = +9.2%)(Actual this trade = -3.3%; Actual for 2012 = +2.5%)
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