Monday, March 12, 2012

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is long ahead of the Tuesday trade.  Retail Sales data hits at 8:30 AM EST which will impact the futures markets. Today the markets idled along sideways in a low volume, low volatility day.  For tomorrow watch the following levels and sectors; SOX 413.60 (now at 418.57), XLF 14.50 (now at 14.85), JJC 48.75 (now at 49.30) and CRB 313 (now at 316). Market bears need one or more of these levels to fail, otherwise, the bulls continue the party.

For the SPX for Tuesday, starting at 1371, the bulls only need two points, to touch 1373, and the upside will accelerate.  The market bears need to push the SPX down thru 1367 to accelerate the negativity. A move thru 1368-1372 is sideways action. Today was a sideways day so one side or the other, the bullls or the bears, should seize control tomorrow. Markets remain unstable. Extreme caution is required.

3/18/12; 7:00 PM EST =
3/16/12; 10:00 AM EST =
3/11/12; 7:00 PM EST = +76; signal line is +67
3/9/12; 9:00 AM EST = +76; signal line is +66
3/8/12; 12:04 PM EST = +76; signal line is +66; go long 1364; (Benchmark SPX for 2012  = +8.4%)(Keybot this trade = -1.6%; Keybot for 2012 = +3.1%)(Actual this trade = -1.6%; Actual for 2012 = +5.8%)

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