Wednesday, January 4, 2012


Keybot the Quant remains long although the algorithm wanted to flip short at the opening bell. Other programming rules held it back. The algo number dropped under the signal line but has now recovered again.  The caution flag is back out and yesterday's bullish party is long forgotten.

CRB 315 has held as resistance so far so this favors bears.  The semiconductors, SOX, collapsed down thru 368 so this is a large feather in the bears cap.  The market bears have strength as long as the SOX stays under 368Copper is dancing on the bull-bear line today at JJC 44.75, now a hair on the bull side at 44.83.  Keep watching these levels since the interplay dictates broad market direction today If the markets sell off today, watch SPX 1259 level since if that is lost, Keybot will likely flip to the short side.

1/8/12; 7:00 PM EST =
1/6/12; 9:00 AM EST =
1/4/12; 9:42 AM EST = +6; signal line is -2
1/4/12; 9:30 AM EST = -10; signal line is -3 but algorithm says stay long
1/3/12; 3:22 PM EST = +22; signal line is -4
1/3/12; 2:42 PM EST = +36; signal line is -6

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