Thursday, September 6, 2012

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long. The ECB announces the bond-buying program and the markets are running higher. UTIL jumped over 467.35 and SOX exploded above 391 providing bull fuel and dashing any bearish hopes. The SPX touched 1409 at the opening bell and accelerated higher thru 1413, 1419, 1422, 1424 and now attacking 1427 resistance as this missive is typed. The bulls are driving the bus but markets remain erratic and unstable. Continue to expect the unexpected. The algo is very active this week, printing two numbers thus far to begin the trading day.

9/9/12; 7:00 PM EST =
9/7/12; 9:00 AM EST =
9/6/12; 9:31 AM EST = +76; signal line is +62
9/6/12; 9:30 AM EST = +44; signal line is +62 but algorithm says stay long
9/5/12; 3:04 PM EST = +44; signal line is +62 but algorithm says stay long

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