Friday, February 24, 2012

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is long but on the very edge of flipping short.  The algo number is now under the signal line triggering the quant to go short but there are other internal programming rules that must also be satisfied to allow the signal to follow thru.  Just when you think the day will be quiet, Keybot roars to life printing two numbers and now more firmly moves towards the short side.  Looking at the program internals, Keybot will probably flip short if you see the SPX move down to 1352-ish today. This target is about 15 handles lower from the current print so it is a formidable goal for bears today but it is within possibility. This is very interesting market behavior currently, watch UTIL 452.91 for more drama as the day moves along.  This afternoon may be a wild ride for the broad indexes. Markets are erratic and unstable, extreme caution must be exercised. A turn to the short side appears imminent for today or Monday.

2/26/12; 7:00 PM EST =
2/24/12; 11:16 AM EST = +60; signal line is +61 but algorithm says stay long
2/24/12; 10:47 AM EST = +76; signal line is +61
2/24/12; 10:00 AM EST = +60; signal line is +60 but algorithm says stay long
2/22/12; 3:26 PM EST = +60; signal line is +60 but algorithm says stay long

No comments:

Post a Comment

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