Keybot the Quant remains short but as seen by the algorithm number and signal line, they are on top of each other at +2, that is a rarity. This signals that Keybot is on the verge of jumping on the long side--but not yet. The algorithm does not get any closer than this as far as the turns go, the market bulls and bears are battling in the trenches today.
Bullish utilities, retail and low volatility battle agains bearish semi's, copper, commodities and financials. One of theses sectors will change sides and that move will take the broad markets with them. Copper made a move up today but has still fallen short of jumping on the bull band wagon. The algorithm is most focused on retail, copper and volatility. SPX 1328.51 is important today.
The standoff continues. Caution is warranted, markets are extremely unstable.
6/5/11; 7:00 PM EST =
6/3/11; 9:00 AM EST =
5/31/11; 7:00 PM EST EOM =
5/31/11; 10:00 AM EST =
5/29/11; 7:00 PM EST =
5/27/11; 10:00 AM EST = +2; signal line is +2
5/26/11; 12:12 PM EST = +2; signal line is +3
5/26/11; 9:51 AM EST = -14
5/25/11; 2:44 PM EST = +2; signal line is +4
5/25/11; 11:53 AM EST = -14
5/25/11; 11:40 AM EST = +2; signal line is +6
5/25/11; 10:25 AM EST = -14
5/25/11; 9:30 AM EST = -28
5/24/11; 3:52 PM EST = -12; signal line is +10
5/24/11; 3:00 PM EST = +2; signal line is +11
5/24/11; 11:47 AM EST = -12
5/24/11; 9:45 AM EST = +2; signal line is +14
5/23/11; 3:24 PM EST = -12
5/23/11; 2:36 PM EST = +2; signal line is +16
5/23/11; 9:31 AM EST = -12
Buy Now??
ReplyDeleteKeybot does not make recommendations, you are on your own with your financial advisor.
ReplyDeleteKeybot is currently short the SPX from 1342 on 5/11/11. But Tuesday will be important since the algorithm is on the verge of flipping to the long side. Stay tuned, Keybot has a mind of its own.