Keybot the Quant is short. The algo idled along today without any numbers printing. UTIL remains under 478.48 so the broad indexes should remain weak. Watch SOX 396; price is at 400 only four points away. Losing 396 will increase the selling in the broad market. The bulls need to keep SOX above 396 and move the utilities sector higher. For the SPX, starting at 1459, the bears need to lose the 1456 level, if so, a strong downside acceleration will occur. The bulls need to move above 1461.50, if so, a strong upside acceleration will occur. A move thru 1457-1460 is sideways action and a very tight range, so price may commit tomorrow, up or down. Keybot prints a pre-scheduled number tomorrow morning so the pre-market action can be assessed at that time. Exercise caution.
9/23/12; 7:00 PM EST =
9/19/12; 9:00 AM EST =
9/17/12; 2:11 PM EST = +60; signal line is +62; go short 1460; (Benchmark SPX for 2012 = +16.1%)(Keybot this trade = +4.1%; Keybot for 2012 = +14.7%)(Actual this trade = +4.2%; Actual for 2012 = +7.7%)
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