Friday, January 27, 2012


Keybot the Quant motors along on the long side with the bulls maintaining their control. The SPX moved up thru 1328.30 yesterday so the upside accelerated to test the 1331 and 1333 resistance levels before receiving a spank down, closing at 1318.  The algorithm remains in this bullish mode for almost six weeks now.

For the SPX today, starting at 1318, the market bears have a bit of an advantage.  The bears need to push under the 1314 level, if so, a downside acceleration in the markets will occur, especially if/when the SPX loses 1313.60. The market bulls have a tougher road ahead for Friday.  The bulls need to push the SPX up and over 1333.50, if so, the bull party will kick in once again.  A move thru 1315-1331 is sideways action.

Keybot prints a pre-scheduled number at 10 AM this morning so the market action can be updated at that time. The algorithm has moved along stone cold silent since the print at Monday's open.  Is this the calm before the storm?

1/29/12; 7:00 PM EST =
1/27/12; 10:00 AM EST =
1/23/12; 9:33 AM EST = +64; signal line is +43
1/23/12; 9:21 AM EST = +50; signal line is +41

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