Saturday, May 31, 2014

STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long through the weekend and did not print any other numbers in the Friday session after the 10 AM pre-scheduled number. The bulls ran the indexes higher wall-to-wall in the holiday-shortened week of trading. Once the retail sector joined the bull camp on Thursday, equities were headed to the SPX 1920's. The SPX prints new all-time intraday highs on all four days.

The dollar strengthened last week only to pull back late week, however, that strength is causing weakness in copper and commodities. The algo is tracking JJC and GTX and levels can be identified once the Sunday pre-scheduled number prints. The hope for market bears is a higher dollar which will send copper and commodities lower and stall the market upside. The bulls are cruising.

6/1/14; 7:00 PM EST EOM =
5/30/14; 10:00 AM EST = +79; signal line is +59

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