Keybot the Quant is long as the trading week begins but the weak utilities are negatively impacting the broad indexes. The quant wants to go short now but internal programming rules are holding it back still yet, despite the SPX printing under 1457. Keybot likely wants to see the SPX stay under 1453.51 for five minutes and the algo will likely flip short. Until then the markets meander sideways. Note that the quant is back to where it started when it went long the other day at 1453. The bulls are holding on to the steering wheel but their grip is fading. Stay alert. A turn may be imminent.
10/14/12; 7:00 PM EST =
10/12/12; 10:00 AM EST =
10/8/12; 9:37 AM EST = +44; signal line is +58 but algorithm says stay long
10/7/12; 7:00 PM EST = +60; signal line is +59
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.