Thursday, August 1, 2013

STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long. Copper is the winner today breaking the sideways log jam the last few days in favor of the bulls. Watch JJC 39.01, now at 39.10 creating market bullishness. VIX dropped under 13 at the opening bell and now sits at 13.02 well under the 14.26 the bears need. The SPX breaks up through 1698.50 at the opening bell which accelerates price to a HOD at 1702.25, new all-time highs. The bulls are on cruise control again so the caution flag is removed. Bears got nothing unless they first push JJC back under 39.01.

8/2/13; 9:00 AM EST =
8/1/13; 9:30 AM EST = +65; signal line is +45
7/31/13; 7:00 PM EST EOM = +49; signal line is +42

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