Tuesday, May 22, 2012

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short, idling along all week long thus far without printing any numbers. The utilities remain elevated hinting that the broad markets will need to explore higher levels. For the SPX in Wednesday's trade, beginning at 1317, the bulls need to push above 1328 to accelerate the upside. The bears need to push under 1310 to accelerate the downside. A move thru 1311-1327 is sideways action. The 1292-1295 area remains the key bull-bear line in the sand. Keybot is on the short side for over two weeks. Markets remain unstable requiring caution.

5/27/12; 7:00 PM EST =
5/25/12; 10:00 AM EST =
5/20/12; 7:00 PM EST = -30 signal line -3

2 comments:

  1. There is no info about signal line and oscillator after 5/20/12?
    Will you only publish the results if there is a change?

    thanks.

    ReplyDelete
  2. Hello Anon, nope, the status is typically posted every day even if there is no change, yesterday was a busy day. Keybot has not printed any numbers this week and motors along on the short side. The number of posts are mainly a function on how active the algorithm is. As seen from past data, some days Keybot may print a dozen numbers in a wild frenzy, then several days can go by, like now, where no numbers are printed.

    A message was posted for Thursday, a wrap-up will probably be posted this evening, then the action can also be updated Friday morning at about 10 AM once the pre-scheduled number for the week prints out.

    ReplyDelete

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