Keybot the Quant remains short thru the weekend. The algo did not print any numbers on Friday except for the pre-scheduled numbers. The market action is very interesting with the bulls and bears locked in a fierce struggle, the markets should break one way or the other at anytime. The algo wants to flip to the long side for three days but the internal programming rules keep holding it back. Keybot needs to confirm the intraday highs as they occur via a timer and each time the quant wants to lock in the move to the bull side, it fails, so the waiting game continues. Volatilty is very important come Monday morning. Watch VIX 15.82; now at 15.90. If the VIX falls under 15.82, the markets will spike higher, the SPX will be moving up thru the 1420's, and Keybot should immediately flip to the long side. If the VIX stays above 15.82, more of this sideways market funk will continue. Next week's road map can be developed once the Sunday pre-scheduled number prints tomorrow. The quant wants to be long but the bears are holding on by a hair. Monday may be a dramatic day--for either side. The markets are extremely erratic and unstable.
12/9/12;
7:00 PM EST =
12/7/12; 10:00 AM EST
= +17; signal line is +8 but algorithm says stay short
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