Keybot the Quant remains short. JJC popped above 48.80 about an hour ago and the buoyancy in the broad markets resulted. Note that the algo number jumped above the signal line but internal rules in the programming is preventing Keybot from going long. Several more internal triggers need to fall into place, a key one that many of you can watch today would be the SPX price level. Keybot needs to see the SPX up over 1400, and likely up over 1402 before it would probably commit back to the long side.
Meanwhile, the market remain unstable and JJC drifts lower now printing 48.84. Failure at 48.80 will usher in broad market weakness again. For now, the bears remain in control. Watch JJC 48.80, it tells you what you need to know.
3/25/12; 7:00 PM EST =
3/23/12; 10:59 AM EST = +76; signal line is +63 but algorithm says stay short
3/23/12; 8:00 AM EST = +60; signal line is +63
3/22/12; 12:13 PM EST = +46; signal line is +63
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.