Wednesday, February 8, 2012


Keybot the Quant remains long, the beat goes on.  Another sideways-style day today for the broad markets.  Tech continues to buoy markets.  The algorithm wants to go short but has not received the proper line up of signals yet. In addition, the algorithm has not printed any numbers this week, now three days old.  China CPI and the ECB rate decision and press conference, as well as the Greece drama, will all play a role in the coming hours.

The quant is fixated on the utes, UTIL 353.69, where the market bulls will win, and, CRB 310.50, where the market bears will win.  Perhaps we finally receive a decision tomorrow.  For the SPX for Thursday, starting at 1350, the market bulls have the easy road again, only needing one measley point, to 1351, and the upside will accelerate in yet another bull rally higher.  The market bears therefore, need to keep the futures red overnight, and to push under the 1342 handle, eight points lower, if so, the market bears will accelerate the selling in the broad indexes. A move thru 1343-1349 is sideways action.

Markets are highly unstable currently, extreme caution is required. A turn may be imminent.

2/12/12; 7:00 PM EST =
2/10/12; 10:00 AM EST =
2/5/12; 7:00 PM EST = +48; signal line is +49 but algorithm says stay long
2/3/12; 9:00 AM EST = +48; signal line is +49 but algorithm says stay long

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