Thursday, July 26, 2012

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is long and the algo remains active today printing a couple more numbers. The financials, XLF, are dictating the market direction currently; keep watching XLF 14.45. Note that the algo already wants to flip back to the short side but other metrics have not fallen into place as yet, so the bulls continue driving the bus. Markets remain erratic and unstable.

7/29/12; 7:00 PM EST =
7/27/12; 10:00 AM EST =
7/26/12; 2:14 PM EST = +14; signal line is +25 but algorithm says stay long
7/26/12; 1:00 PM EST = +30; signal line is +26
7/26/12; 11:42 AM EST = +14; signal line is +27 but algorithm says stay long

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.