Wednesday, February 16, 2011

KEY SECTOR AND SPX PRICE TODAY

Interesting morning shaping up for Keybot the Quant.  A standard signal clicks off at 9 AM EST.

If the SPX moves above 1330.43 Keybot will probably return to the long side.  The utilites are the key sector to watch now, and more specifically the 409.60 level.  Keybot should return to the long side if the utes stay above 409.60.  If UTIL loses 409.60, especially shortly after this morning's open, that will be a hint that the short side is the preferred direction.

If Keybot flips back to the long side it probably will not occur until after the 10 AM EST hour.

Watch SPX 1330.43 and UTIL 409.60.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.