Keybot the Quant motors along on the long side. Copper has joined the bull camp today adding to the upside market thrust. As long as JJC stays elevated above 45.25, the bullish market strength and buoyancy will continue. The bullish markets are now supported by four pillars of strength; utes, retail, lower volatilty and copper.
For a further gauge of market strength, watch SOX 370.50, now at 369. If this level is touched, more bullish market upside will occur. Watch CRB 322 level, now at 313. If 322 is achieved, more bullish market upside will occur. Watch XLF 12.75 level, now at 12.63. If 12.75 is achieved, only 12 pennies away, more bullish market upside will occur. The caution flag is taken down, bulls are cruising currently.
12/4/11; 7:00 PM EST =
12/2/11; 9:00 AM EST =
11/30/11; 7:00 PM EST EOM =
11/30/11; 9:30 AM EST = -10; signal line is -45
11/29/11; 10:00 AM EST = -26; signal line is -45
11/28/11; 3:57 PM EST = -26; signal line is -45
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