Tuesday, February 21, 2012


Keybot the Quant is long, but tentatively.  The algo number is only three points above the signal line ready to go short upon further market weakness.  The week is off to an active start with Keybot printing three numbers today. If UTIL stays under 452.91 the market bears are favored.  If JJC stays above 48.00 the market bulls are favored. One of these should give way with the broad markets following along.  The weak dollar is keeping copper and commodities elevated. Thus, the bears cannot drive the markets lower unless the dollar strengthens. AAPL is also in play and if Apple rolls over, the markets will follow.

For the SPX, starting at 1362, the market bulls need to push up thru 1363.61 again, then to touch the 1368 handle if they want to reaccelerate their upside mojo.  The market bears need to lose the 1358 handle, if so, the broad markets will accelerate downward. A move thru 1359-1366 is sideways action. The close tomorrow in relation to 1363.61 remains important. If the dollar strengthens tomorrow, watch for copper weakness that may cause Keybot to flip to the short side.  Markets are highly erratic and unstable currently. Extreme caution is warranted.

2/26/12; 7:00 PM EST =
2/24/12; 10:00 AM EST =
2/21/12; 1:18 PM EST = +60; signal line is +57
2/21/12; 10:42 AM EST = +76; signal line is +57
2/21/12; 9:48 AM EST = +60; signal line is +55

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