Keybot the Quant remains short as the algorithm springs into action today, printing five additional numbers since the move to the short side two hours ago. Commodites and copper are now in the bear camp. The stronger dollar is helping the bears. Oddly, the broad markets would be expected to take another strong leg down now but the markets are holding up. Watch UTIL 447 since that would signal further market weakness as well. The caution flag remains out until the follow thru in the downside occurs with the broad indexes. Markets remain erratic and unstable.
3/25/12; 7:00 PM EST =
3/22/12; 12:13 PM EST = +46; signal line is +63
3/22/12; 11:31 AM EST = +60; signal line is +64
3/22/12; 11:14 AM EST = +46; signal line is +65
3/22/12; 11:00 AM EST = +60; signal line is +66
3/22/12; 10:52 AM EST = +46; signal line is +66
3/22/12; 10:51 AM EST = +60; signal line is +67; go short 1392; (Benchmark SPX for 2012 = +10.7%)(Keybot this trade = +2.1%; Keybot for 2012 = +5.2%)(Actual this trade = +1.0%; Actual for 2012 = +6.8%)
Note Added 3/22/12 at 2:53 PM: Commodities and copper remain weak; UTIL remains above 447 after printing a 450 handle today. SPX is testing a 1391 handle now but the broad indexes would be expected to be lower. There is about one hour of trading remaining in the session.
Note Added 3/22/12 at 2:53 PM: Commodities and copper remain weak; UTIL remains above 447 after printing a 450 handle today. SPX is testing a 1391 handle now but the broad indexes would be expected to be lower. There is about one hour of trading remaining in the session.
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