Tuesday, March 6, 2012

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is long but a turn appears imminent, the quant is cycling thru a timer that expires 10:57 AM EST. At that time we see if the algo wants to commit to the short side.  It is looking good for the bears.  Copper has now joined the bear camp so two major sectors, semi's and copper are now bearish.  Watch commodities, CRB, the 313 level.  CRB is only three points higher at 316.  If 313 fails, this creates further bear fuel.

3/11/12; 7:00 PM EST =
3/9/12; 9:00 AM EST =
3/6/12; 9:50 AM EST = +44; signal line is +68 but algorithm says stay long
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

Note Added 3/6/12 at 10:59 AM:  Keybot's gap-down timer expired which now leads to more drama.  The algorithm wants to flip to the short side but several internal parameters are no longer lined up.  Watch SPX LOD today at 1344.23.  Keybot will likely flip short if 1344.23 fails in the time ahead, and, this is held for five minutes. Current SPX print is 1345.65, thus about a point or so higher. Bears need to push lower and take out the lows for today to lock in a more extended down move.
Posted by Keybot the Quant™ at 3/06/2012 10:01:00 AM

2 comments:

  1. Anonymous3/06/2012 01:03:00 PM

    Hi. What do you expect the sand p to fall to before keybot switches back to long ? And is that the total fall you are expecting before q3 is announced or are you expecting a zig zag decline to the low you expect and what is that low?

    Also how likely is it to switch in the next 48 hours like it did a couple of weeks ago?

    Thanks

    ReplyDelete
  2. Keybot the Quant™3/07/2012 12:42:00 PM

    Hello Anon, missed your note the other day.

    ReplyDelete

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

Subscribe to: Post Comments (Atom)