Tuesday, February 19, 2013

STOCK MARKET BULLISH -- LONG -- CAUTION


Keybot the Quant is long and prints a number right away to start the holiday-shortened week of trading. The algo number is now only seven ticks away from the signal line. JJC dropped like a stone helping bears but UTIL catapults higher helping bulls. The broad indexes should weaken as long as JJC stays under 46.50. JJC is now printing 46.41.

2/20/13; 9:00 AM EST =
2/19/13; 9:37 AM EST = +63; signal line is +56
2/17/13; 7:00 PM EST = +79; signal line is +54

4 comments:

  1. I was wondering if, in addition to the statistics you have on the left side of this page, you also have maximum drawdown numbers.

    And, once again, many thanks for this incredible website (and for its first cousin, Keystone Speculator).

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    Replies
    1. Al, that is easily found out by going through the data but no time for that right now.

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  2. KS, does this line provide a signal for keybot to flip to short should it reach 56? otherwise it remains long. If its over the signal line then it LONG if under the dignal line then SHORT?

    2/19/13; 9:37 AM EST = +63; signal line is +56

    Also when do u think we will get adecent drop on the ftse , we never had a decent correction as yet? Just have a few underwater shorts on the ftse.

    Thanks.

    ReplyDelete
    Replies
    1. Yep, the signal line is the first trigger but that only initiates other internal programming rules that use items such as intraday and closing highs and lows. Keybot has to satisfy these other rules to pull the trigger completely and make the move but for general purposes, the signal line tells you the move is imminent. FTSE is like the U.S. indexes, up in overbot territory, rising wedges, negative divergence, charts say down but quantitative easing keeps pumping.

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