Keybot the Quant remains short. The semiconductors recovered but then fell on their sword again. Note the algo number was within one single tick of the signal line at that 60-ish area. The bulls and bears are fighting it out and there is no clear winner as yet, but the bears continue to drive the bus for now. Pay attention to SOX 395.50; markets remain weak if the SOX remains under this level; markets will recover higher if SOX moves above 395.50. Remain alert and cautious.
9/23/12; 7:00 PM EST =
9/20/12; 12:08 PM EST = +44; signal line is +60
9/20/12; 10:59 AM EST = +60; signal line is +61
9/20/12; 9:30 AM EST = +44; signal line is +61
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.