Keystone's Midday Market Action 10-21-11

Big rocket ride start to the day, SOX drove straight up not looking back.  The four hot sectors supporting the indexes; utes, semi's, financials and retail, remain in place. Keystone's agorithm wants to go long but since a gap up occurred at the open, the quant must wait approximately 90 minutes to flip long, thus, if the SPX remains elevated until 11 AM, the algo should jump back on the long train. Volatility remains elevated.