Friday, September 28, 2012

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short. The algo prints the pre-scheduled number today resulting in a one point tick lower for the signal line. The markets are selling off to start the day but not yet attacking the critical SPX 1434 that would accelerate the downside.  Watch the utility sector drama as described last evening.  UTIL is now printing 473.22. Next week the algo will be tracking 472.06 as the level of interest Monday thru Friday, so the close for UTIL today is very important. Above UTIL 472.06 would set up Keybot to potentilaly flip long at Monday's opening bell.  Lots of trading remaining today. Let's see if Keybot prints any numbers today, or not. Stay alert and cautious in these treacherous markets.

9/30/12; 7:00 PM EST EOM EOQ3 =
9/28/12; 10:00 AM EST = +44; signal line is +56
9/25/12; 10:00 AM EST = +44; signal line is +57

No comments:

Post a Comment

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