Friday, August 3, 2012

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is long thru the weekend. The algo idled along all day after the wild upside orgy occurred at the opening bell. The bulls ran higher and took no prisoners. Copper will play a key role come Monday. The markets will not be able to gain additonal upside without copper cooperating. Next weeks areas and levels of interest can be identifed on Sunday after the pre-scheduled print occurs.

8/5/12; 7:00 PM EST =
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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