Thursday, March 8, 2012

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short but a hair away from going long.  Copper, JJC, jumped above the important 48.43 bull-bear line providing bull fuel for markets.  SPX gapped up at the open tagging 1363 as the HOD so far.  The algo wants to return to the long side as seen by the higher algo number versus the signal line but internal rules are holding it back.  If SPX moves above 1363 and it holds for a couple minutes, Keybot will probably trigger to return to the long side.

3/11/12; 7:00 PM EST =
3/9/12; 9:00 AM EST =
3/8/12; 9:37 AM EST = +76; signal line is +66 but algorithm says stay short
3/7/12; 3:53 PM EST = +60; signal line is +66
3/7/12; 3:29 PM EST = +76; signal line is +66 but algorithm says stay short

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