Tuesday, August 6, 2013

STOCK MARKET BULLISH -- LONG -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains bullish, so far today. Keybot prints the first number for the week. The bears cannot catch a break. The last couple days copper was weak but the SPX would not fall. Today, the SPX leaks lower but now copper has recovered back above JJC 39.02, so the bears are left at the altar once again. JJC is now printing 39.04, only two cents above the bull-bear danger line at 39.02 that will usher in increased market negativity. If JJC drops under 39.02, and the SPX drops under 1697, Keybot will likely flip short. If JJC remains above 39.02, the bears got nothing and the broad indexes should recover as the day moves along. Markets remain unstable.

8/11/13; 7:00 PM EST =
8/6/13; 9:30 AM EST = +65; signal line is +50
8/4/13; 7:00 PM EST = +49; signal line is +50 but algorithm says stay long

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