Keybot the Quant is long. The ECB decision on stimulus measures is only about three hours away. The algo wants to move to the short side (the algo number is under the signal line) but internal programming rules were not satisfied yesterday to allow the move to the bear side to occur. UTIL 467.35 and SOX 391 failed yesterday and are now creating broad market negativity. Watch these closely as the opening bell rings. If the SPX drops under 1401, Keybot will likely flip to the short side, and a downside acceleration will occur for markets. If a large gap down occurs at the open, this may trigger a timer that will delay a move to the short side for about 90 minutes. If Draghi provides happy news, and the markets run higher, with utilities and semiconductors recovering, the quant will simply stay long. If the SPX touches 1409, an upside acceleration will occur. Lots of excitement is likely on tap for today and tomorrow. Hang on to your hat.
9/9/12; 7:00 PM EST =
9/7/12; 9:00 AM EST =
9/5/12; 3:04 PM EST = +44; signal line is +62 but algorithm says stay long
9/5/12; 2:25 PM EST = +60; signal line is +63 but algorithm says stay long
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