Wednesday, September 5, 2012

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is long as another odd trading day begins. Semiconductors were weak in the early going, SOX falling under 391, but have since recovered. Utilities, UTIL, came down to test 467.35 and bounced. It is always remarkable to see how Keybot knows these levels to watch far ahead of time. Continue watching UTIL 467.35 today.  An internal 24-hour timer, which attempts to calm the model, expires for the quant at 2:13 PM EST today which may lead to some interesting late day trading. For now, the markets stumble sideways with the bulls driving the bus.

9/9/12; 7:00 PM EST =
9/7/12; 9:00 AM EST =
9/5/12; 9:56 AM EST = +76; signal line is +64
9/5/12; 9:40 AM EST = +60; signal line is +63 but algorithm says stay long
9/4/12; 2:13 PM EST = +76; signal line is +63; go long 1402; (Benchmark SPX for 2012 = +11.5%)(Keybot this trade = -0.2%; Keybot for 2012 = +10.6%)(Actual this trade = -0.3%; Actual for 2012 = +3.5%)

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