Keybot the Quant is on the long side now. The commodities, oil, copper and materials sectors are in the bear camp but the equities markets in general continue higher. The bulls will try to push copper and commodities higher to gain more upside fuel. The bears will try to push the VIX above 15.55. The bears got nothing without VIX 15.55. For Tuesday for the SPX starting at 1525, closing at the highs, the bulls only need to see a smidge of green in the futures and the upside will accelerate at the opening bell to test 1531 resistance in quick order. The bears will try to reverse today's move and push under 1518 which will accelerate the downside to target 1511. A move through 1519-1524 is sideways action. The bulls are driving the bus. Pay attention to volatility.
3/10/13;
7:00 PM EST =
3/8/13;
9:00 AM EST =
3/4/13;
2:25 PM EST = +49; signal line is +43; go long 1520; (Benchmark SPX for
2013 = +6.6%)(Keybot this trade = -1.2%;
Keybot for 2013 = +1.0%)(Actual this trade = -1.3%; Actual for 2013 = -0.3%)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.