5/5/13;
7:00 PM EST =
5/3/13;
9:00 AM EST =
5/2/13; 10:14 AM EST
= +46; signal line is +31
Friday, May 3, 2013
STOCK MARKET BULLISH -- LONG -- CAUTION
Keybot the Quant remains long. A pre-scheduled number prints in a few hours. The bulls are driving the bus. Volatility remains key; watch the bull-bear line at VIX 14. Even if the bears push the VIX above 14, however, creating market weakness, it will likely not have enough oomph to cause the algo to flip to the short side. For the SPX starting at 1598, a new all-time high, the bulls only need to see positive futures and 1600 will print quickly and the trek to the 1620's will likely begin. The bears need to retrace yesterdays move and push under 1583 to accelerate the downside. A move through 1584-1597 is sideways action.
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As always, many thanks for tending to the Bot.
ReplyDeleteCould you tell me if Keybot can switch from an 1x etf to a 2x etf in midst signal, or must it wait for the next signal to do so (given the appropriate lack of volatility)?
Al, when the algo triggers the turn and the trades are flipped, exiting the long and entering short, or visa versa, that trade remains in place until the next turn occurs. When Keybot does flip short, in the days ahead, the algo will next move into SDS for the downside, the 2x inverse ETF.
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