Keybot the Quant remains long as the bullish party continues in front of the St. Patrick's Day weekend. The bulls kept the futures slightly on the green side and popped above 1403 so the upside accelerated, the HOD thus far at 1405.82, but, all things considered, the upside should have had more steam. AAPL is red today, and the tech sector is not leading the broad market to the upside (tech actually wants to lead down today), so that explains why the upside move is muted.
Keybot printed the pre-scheduled number for the week which results in no change. What a big change for the quant this week. Last week was chaos with numbers printing off faster than Chairman Bernanke can print money, then this week, the algo did not print any numbers, only the pre-scheduled number minutes ago. Things can change fast again so stay alert. The dollar has not strengthened so CRB remains elevated and the bears hopes of moving lower remain on hold. The bulls remain in control today so far, the bears got nothing unless you see either CRB 313 or SPX 1393. Otherwise, the bulls river dance an Irish jig into the weekend. Markets remain unstable and are not to be trusted.
3/18/12; 7:00 PM EST =
3/16/12; 10:00 AM EST = +76; signal line is +67
3/11/12; 7:00 PM EST = +76; signal line is +67
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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