Keybot the Quant remains long. Copper remains in the bear camp (JJC under 39.00). Volatility remains in the bull camp under VIX 14.20 and GTX is also causing market bullishness above GTX 4795. These three parameters remain key tomorrow. Watch JJC 39.00 since it will tell you market direction. For the SPX starting at 1697, the bulls need to touch the 1706 handle and the upside party will resume. The bears need to push under 1693 and the selling will begin in force. A move through 1694-1705 is sideways action
Keybot was within seconds of flipping short today but the programming rules would not lock in and then the SPX did recover from 1693 to the 1697 close. If JJC stays under 39.00 and the SPX drops under 1693, and remains under, Keybot will likely flip short. If a gap down open occurs of 11 or 12 SPX points or more, this will likely trigger a 90-minute timer that may delay a flip to the bear side. JJC 39.00 tells the story; bulls win above, bears win below. Markets remain very erratic and unstable.
Keybot was within seconds of flipping short today but the programming rules would not lock in and then the SPX did recover from 1693 to the 1697 close. If JJC stays under 39.00 and the SPX drops under 1693, and remains under, Keybot will likely flip short. If a gap down open occurs of 11 or 12 SPX points or more, this will likely trigger a 90-minute timer that may delay a flip to the bear side. JJC 39.00 tells the story; bulls win above, bears win below. Markets remain very erratic and unstable.
8/11/13;
7:00 PM EST =
8/6/13; 10:55 AM EST
= +49; signal line is +50 but algorithm says stay long
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.