Wednesday, August 14, 2013

STOCK MARKET BULLISH -- LONG -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant is long as the Wednesday session is underway. The algo prints a number in the early going, due to SOX failing the 473.07 bull-bear danger line in the sand, that wants Keybot to whipsaw back to the short side but the internal programming rules will not allow the move as yet. If the SOX remains under 473.07, and the SPX either falls under 1677 before 12:50 PM, or under 1683 after 12:50 PM, Keybot will likely flip short. Bulls are fine if they keep SPX above 1683 today but will not be able to move equities higher unless the SOX regains 473.07.

8/16/13; 9:00 AM EST =
8/14/13; 9:39 AM EST = +49; signal line is +54 but algorithm says stay long
8/13/13; 12:50 PM EST = +65; signal line is +54; go long 1694; (Benchmark SPX for 2013 = +18.8%)(Keybot this trade = -0.2%; Keybot for 2013 = +12.9%)(Actual this trade = -0.6%; Actual for 2013 = +7.6%)

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