Wednesday, October 17, 2012

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is long heading into Wednesday. The pre-scheduled number this morning results in a one tick change for the signal line which now creates only a three point difference between the algo number and signal line, proof positive how this is an ongoing knock-down, drag-out bull-bear struggle each day. UTIL 478.43 is very important as well as the other sectors described in the previous post.  The futures are up so the bulls may run the SPX to 1457 and 1460 after the open. Remain extremely cautious. The markets are unstable and not to be trusted.

10/21/12; 7:00 PM EST =
10/17/12; 9:00 AM EST = +60; signal line is +57
10/16/12; 9:31 AM EST = +60; signal line is +56; go long 1446; (Benchmark SPX for 2012 = +14.9%)(Keybot this trade = +0.4%; Keybot for 2012 = +15.6%)(Actual this trade = +0.5%; Actual for 2012 = +9.3%)

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