Tuesday, June 28, 2011

Keybot the Quant Turns Bullish at SPX 1285

Keybot the Quant, Keystone's proprietary trading algorithm that handles the short to intermediate term trading, flipped to the long side at 9:36 AM at SPX 1285.  Once 1285 was touched, the indexes took off to the upside. The NYA has moved back above the 40 week MA preventing the move to a secular bear market again, at least for now, and the retail sector is moving up helping the bulls.

Caution is warranted and you must stay on guard for a potential whipsaw since the recent action is low volume, high volatility and the Europe/Greece austerity vote occurs overnight tonight in front of tomorrow's session.

More information can be found at Keybot the Quant's site:

http://www.keybotthequant.blogspot.com

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