Saturday, September 29, 2012

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant is short into the weekend.  The algo did not print any further numbers after the pre-scheduled number yesterday.  The utes have set up an interesting opening for Monday.  UTIL closed above 472.06 which is a number that the quant is locked into thru next Friday, 10/5/12, then 481.36 will be in play the week of 10/8/12. The market bulls are in a position to move the markets higher with UTIL over 472.06 and this places Keybot in position to flip long at the opening bell on Monday.  However, there are other programming rules the algo must satisfy to actually flip long and one of those will be a need to see the SPX over 1447. Next week can be laid out after the Sunday pre-scheduled number prints tomorrow which will close out the month of September and Q3. Watch UTIL 472.06 like a hawk come Monday morning, obviously, a drop thru 472.06 after the opening bell would signal that the market bears remain in full control, conversely, a move above SPX 1447 will likely place the market bulls back in the driver's seat and Keybot will likely flip long.

9/30/12; 7:00 PM EST EOM EOQ3 =
9/28/12; 10:00 AM EST = +44; signal line is +56
9/25/12; 10:00 AM EST = +44; signal line is +57

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