Keybot the Quant is long but hanging on by only a single thread. The algo was very active today printing out six numbers, the most in quite a while. The quant keeps ratcheting the signal line higher and during the afternoon placed the aglorithm on the verge of flipping short; note that the algorithm number and signal line are both at +60. This type of equal reading can result in a trend change but in this case two other signals in the internals of the program are holding Keybot back so the algo remains long overnight.
For tomorrow, the battle at UTIL 452.91 continues; today the utes performed many crosses and the committment either above for bulls or below for bears will show you the broad market direction. Copper JJC 48 remains important and requires watching tomorrow.
For the SPX on Thursday, starting at 1358, if the market bears can push under 1355.50, the downside will accelerate and Keybot may potentially flip to the short side. The market bulls need to touch 1363 and the upside will accelerate into a buying frenzy as the SPX attacks the critical 1363.61 and likely pierces up and thru on its way to 1370-1371. A move thru 1357-1362 is sideways action.
2/26/12; 7:00 PM EST =
2/24/12; 10:00 AM EST =
2/22/12; 3:26 PM EST = +60; signal line is +60 but algorithm says stay long
2/22/12; 3:03 PM EST = +76; signal line is +60
2/22/12; 2:55 PM EST = +60; signal line is +59
2/22/12; 2:15 PM EST = +76; signal line is +59
2/22/12; 1:42 PM EST = +60; signal line is +59
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