Keybot the Quant is long and the algorithm idled along all day without printing any numbers. UTIL stayed above 472.06 and the VIX stayed below 17.25 so the bears were never any real threat today. The SPX teased the 1440-1441 support all day long, which held, the bears did not receive the downside push needed from UTIL and VIX. Watch UTIL 472.06 and VIX 17.25 tomorrow, same dealio. For the SPX for Wednesday, starting at 1446, the bulls need to push above 1451.50 to accelerate the upside. Bears need to push under 1439 to accelerate the downside. A move thru 1440-1450 is sideways action. Markets remain unstable and are not to be trusted. Exercise caution.
10/7/12; 7:00 PM EST =
10/5/12; 9:00 AM EST =
10/1/12; 10:00 AM EST = +60; signal line is +58; go long 1453; (Benchmark SPX for 2012 = +15.5%)(Keybot this trade = +0.6%; Keybot for 2012 = +15.3%)(Actual this trade = +1.2%; Actual for 2012 = +8.9%)
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