Keybot the Quant remains long. The algo has not printed a number since it flipped long on Monday. The quant did not whipsaw either. UTIL remains handily above 472 and the VIX well under 17.25 so the bulls keep markets elevated. For the SPX today, starting at 1451, the bulls need to move above 1454, and hold it for about ten minutes, and an upside market acceleration will occur taking price up over 1460. The bears need to push under 1442 to accelerate the downside. A move thru 1443-1453 is sideways action today. The ECB rate decision occurs within the hour, the FOMC minutes are released this afternoon and the Jobs Report is released tomorrow morning, all are market movers. Stay alert, markets remain extremely unstable.
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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