Keybot the Quant is active in the early going today, printing two numbers thus far. Things change quickly with the algo number now within five points of the signal line. Thus, the caution flag is back out. The bulls are driving the bus but it is apparent that they may now have a mechanical problem. The NYA and JJC dropped in the early action thus far. The algo has revised the levels of interest to NYA 7748 and JJC 44.20, so keep an eye on these levels, as well as CRB 295.50. All three are adding to market negativity so the bulls need to wrestle at least one of the three back into their camp. The bears can push substantially lower if XLF 14.41 or RTH 41.65 gives way, but these targets will take work. Extreme caution is required, the bull-bear struggle continues.
7/22/12; 7:00 PM EST =
7/18/12; 9:00 AM EST =
7/16/12; 9:49 AM EST = +16 signal line is +11
7/16/12; 9:35 AM EST = +32 signal line is +11
7/15/12; 7:00 PM EST = +46 signal line is +11
7/13/12; 11:40 AM EST = +46 signal line is +10
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.