Tuesday, February 28, 2012


Keybot the Quant remains long.  The pre-scheduled number prints without changing the algo number but the signal line increases by one.  As the signal line continues to move higher, this actually favors bears since it makes the flip to the short side, whenever it decides to come, easier.  For now, the bulls are cruising along without a worry or care. Oddly, however, the SPX has not yet launched a stab at the 1372 level to ignite a new bull run. Watch 1372.

The sectors remain elevated favoring the bulls.  VIX is printing 18.09 not yet able to overcome the 20-day MA at 18.5-ish so the bulls have their feet up on the desk lighting cigars. Do not be fooled, however, caution is required, markets are very unstable currently. The LTRO2 news within the next 24 hours will dictate market action.

3/4/12; 7:00 PM EST =
2/29/12; 7:00 PM EST EOM =
2/28/12; 10:00 AM = +76; signal line is +64
2/26/12; 7:00 PM EST = +76; signal line is +63

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