Keybot the Quant remains long. The algo motored along for another day without printing any numbers; the third day this week. The bulls are cruising but cannot gain further upside without moving copper higher; JJC 43.75. The SPX moved thru the sideways range yesterday. For the SPX today, starting at 1402, the bulls need to touch the 1404 handle and if they can hold it a few minutes, an upside market acceleration will occur. The bears need to push under 1396 to accelerate the downside. A move thru 1397-1401 is sideways action. Markets remain indecisive. JJC 43.75 and SPX 1404 and 1396 are important today.
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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