Tuesday, May 31, 2011

SPX Daily Chart Showing Keybot the Quant Turns

Keybot the Quant flips back to the long side at the open today at SPX 1335. The Greece positive news bounced the euro, which weakened the dollar, which strenghthens commodities and equities. Commodities and copper jumped over to the bull side this morning but sit on the bull-bear line unconvincingly still yet. Financials remain bearish. Semi's popped at the open but then collapsed. Utilities and retail remain bullish.

Stay on guard and do not be surprised if a whipsaw occurs over the next day or so since this bullish move is not strong. Markets are highly unstable currently. Do not invest based on anything you read or view here. The charts and information, as well as any links, are for educational and entertainment purposes only.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.