Friday, September 7, 2012

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is long to start the Friday session.  The pre-scheduled print results in a tick upwards in the signal line. The higher the signal line moves the easier it is for the model to flip to the short side. For now, the bulls are driving the bus, and with the futures green, an upside, several handle move, for the SPX should be on tap.  The intraday high from 5/19/08 at 1440.24 is very important overhead resistance. Keep an eye on SOX 391 and UTIL 467.35 as well. Stay alert and extremely cautious. These markets are erratic, unstable and not to be trusted.

9/9/12; 7:00 PM EST =
9/7/12; 9:00 AM EST = +76; signal line is +63
9/6/12; 9:31 AM EST = +76; signal line is +62

No comments:

Post a Comment

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