Saturday, June 8, 2013

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is long through the weekend.  The bulls run higher in the Friday session flipping the algo to the long side. Higher utilities create much of the upside. UTIL closed above 481.39, which is an important number for next week, so the bulls receive a feather for their cap. Utilities, volatility, commodities and copper are all important for next week. The key levels of interest can be identified for next week for these sectors once the Sunday pre-scheduled number prints tomorrow. The bulls are driving the bus again but markets remain very shaky. The caution flag remains out since the algo number and signal line are only six ticks difference.

6/9/13; 7:00 PM EST =
6/7/13; 10:02 AM EST = +36; signal line is +30; go long 1633; (Benchmark SPX for 2013 = +14.5%)(Keybot this trade = +1.7%; Keybot for 2013 = +8.5%)(Actual this trade = +3.0%; Actual for 2013 = +8.5%)

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