Keybot the Quant remains long. Lots of drama yesterday but when it was all said and done, the bulls continue to rule the roost. Keybot printed three additional numbers as the Friday session played out. Note how the algorithm is ratcheting up the signal line incrementally. The higher the signal line moves, the closer the quant comes to flipping short. Copper remains the number one key focus of the quant; JJC 43.70 will be key come Tuesday morning.
U.S. Markets are closed on Monday for the Labor Day holiday. The week ahead will be set up after the pre-scheduled Sunday number prints tomorrow. Keybot has remained on the long side for one month. Do not be lulled to sleep in these markets, stay vigilent and cautious. Expect the unexpected.
9/2/12; 7:00 PM EST EOM =
8/31/12; 1:51 PM EST = +76; signal line is +59
8/31/12; 12:20 PM EST = +60; signal line is +57
8/31/12; 11:32 AM EST = +76; signal line is +56
8/31/12; 10:00 AM EST = +60; signal line is +54
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