Keybot the Quant is idling over the weekend, sitting on the long side, taking a breather after the tumultuous trading week. The algo did not print any numbers on Friday. Semiconductors and copper broke down early last week but then recovered when the Fed leaked the sterilized quantitative easing news, bouncing markets higher. AAPL remains elevated allowing tech to continue to lead markets higher.
Next week's levels of interest can be identified once the algo prints out the pre-scheduled Sunday number tomorrow. Remember when we were watching utilities closely a week ago? For the new week, utes will impact markets again, write UTIL 443.63 down on a piece of paper for reference all week long. Add semi's and copper to the watch list as well since these sectors exhibited weakness last week.
3/11/12; 7:00 PM EST =
3/9/12; 9:00 AM EST = +76; signal line is +66
3/8/12; 12:04 PM EST = +76; signal line is +66; go long 1364; (Benchmark SPX for 2012 = +8.4%)(Keybot this trade = -1.6%; Keybot for 2012 = +3.1%)(Actual this trade = -1.6%; Actual for 2012 = +5.8%)
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