Keybot the Quant remains short. The algo was within seconds of flipping to the long side last week but the program held it back, maintaining the short side. After Thursday and Friday's action, it was obvious why the robot stayed short. The utes, UTIL, held the 414 level which is actually encouraging for the market bulls. The UTIL 414 level represents a trap door for the equities markets. If UTIL 414 fails, now at 416.67 to start the new week, the markets will go into free fall. For now, after two tests towards this support level, the utes are holding. This UTIL 414 level is the most important thing to watch as Monday kicks off.
The Sunday pre-scheduled number clicks off tomorrow so at that point we can set up the new week of trading. Note that Keybot idled along on the short side during the back half of the week, without printing any numbers from noon Wednesday on. The algo number is above the signal line (-72 is higher than -75 if you have trouble understanding negative numbers) so Keybot wants to flip long but other programming rules contininue to hold it back. Markets remain unstable.
8/28/11; 7:00 PM EST =
8/26/11; 10:00 AM EST =
8/21/11; 7:00 PM EST =
8/17/11; 11:52 AM EST = -72; signal line is -75 but algorithm says stay short
8/17/11; 11:08 AM EST = -56; signal line is -75 but algorithm says stay short
8/17/11; 10:31 AM EST = -72; signal line is -74 but algorithm says stay short
8/17/11; 9:59 AM EST = -56; signal line is -73 but algorithm says stay short
8/16/11; 9:00 AM EST = -72; signal line is -72
8/15/11; 9:30 AM EST = -72; signal line -70
8/14/11; 7:00 PM EST = -88; signal line -68
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