Tuesday, September 11, 2012

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is long. Tuesday ticked by and the algo did not print any numbers for the second day this week.  The semiconductors were teasing failure after this mornings open but recovered.  The same three areas are of greatest interest to Keybot; SOX 393, UTIL 464.31 and VIX 18.25. All three are bullish to start Wednesday, if any one of the three cross the levels shown, the algo will likely flip short. The German vote occurs in hours. That will immediately impact the euro and the equity markets move in the same direction as the euro.  For the SPX on Wednesday starting at 1434, the bulls need to touch 1438 to ignite an upside acceleration move thru 1440 and on to 1446.  The bears need to push under 1429 to accelerate a down move that would tag 1424 in quick order.  A move thru 1430-1437 is sideways action. Stay alert. A turn may be imminent. Markets are unstable and not to be trusted. 

9/16/12; 7:00 PM EST =
9/14/12; 10:00 AM EST =
9/9/12; 7:00 PM EST = +76; signal line is +63
9/7/12; 9:00 AM EST = +76; signal line is +63

No comments:

Post a Comment

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