Keybot the Quant remains long but this may not last for long. The SOX plummeted at the open, and the SPX easily dropped under 1359, however, the large gap down triggered an internal function on the agorithm that now demands a time-out of 87 minutes past the open. Thus, Keybot the Quant is only one single hair from flipping short but the quant has to wait until 10:57 AM EST to firmly commit to the short side.
The market bears have strong bite today. The SPX:VIX ratio dropped under 68 which is very bearish. The soap opera continues. A turn appears imminent and we will know positively one way or the other at 11 AM EST when the timing function expires.
3/11/12; 7:00 PM EST =
3/9/12; 9:00 AM EST =
3/5/12; 3:46 PM EST = +60; signal line is +68 but algorithm says stay long
3/5/12; 3:02 PM EST = +76; signal line is +67
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