Keybot the Quant is long going into the Tuesday session. Today was all set up for the bears but they could not push price low enough for the quant to satisfy its rules and allow the change from long to short. The quant wants to go short right now since the algo number is under the signal line. UTIL closed at 480.37. Watch UTIL 481.36 tomorrow. In addition, the bulls need to push up thru 1461 and an upside acceleration will occur while the bears need to push under 1453 and a downside acceleration will occur. A move thru 1454-1460 is sideways action.
In a nutshell, for Tuesday, if UTIL moves above 481.36, the market bulls will rule the markets. If UTIL remains under 481.36 and the SPX remains above 1453, the markets move sideways and Keybot likely stays long. If UTIL remains under 481.36 and the SPX falls under 1453, Keybot will likely flip short. Tomorrow is very important. Markets are very erratic and are not to be trusted. Expect the unexpected. The bulls are hanging on by a thread and will need UTIL to move above 481.36 to regain strength, otherwise, the market weakness will continue until failure occurs.
10/14/12; 7:00 PM EST =
10/12/12; 10:00 AM EST =
10/8/12; 9:37 AM EST = +44; signal line is +58 but algorithm says stay long
10/7/12; 7:00 PM EST = +60; signal line is +59
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.