Friday, June 7, 2013

Keybot the Quant Turns Bullish

Keystone's trading algorithm, Keybot the Quant, flips to the bull side at SPX 1633 today. Utilities are running higher creating bull fuel. Copper remains weak, however. Stay alert for a whipsaw move back to the short side either today or Monday especially in these volatile markets. For now, the bulls are driving the bus again. More information is available at Keybot's site;

Keybot the Quant

21 comments:

  1. b-wave rally IMHO. can go anywhere from down right now to creating a new high...

    alternatively, the market is already in big 5 up... less likely imho

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    Replies
    1. Arnie or V, do you think c-wave will come sometimes Monday and it's a down wave. Am I correct?

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    2. @ A: believe me that anyone completely has no clue, do you believe me?
      could be a 4th wave and a 5th down be next in an ending diagonale for end of c of A.
      could be directly wave 1 of 5 that may form a B.
      could be wave 5 of int 3 (i'm seen somebody that still believes we are in int 3).

      @BK and A:
      the key is right in a "special" area - 1638-1645 (the upper line , the resistence of the down channel formed).
      if 1647 is touched bears are dead meat, a lot of stops will be triggered.
      under 1638-1646 caldaro's target 1579 is still valid for the end of A, if 1638-1646 is tresspassed , bye-bye! We might be in B wave of int 4th A-B-C.

      1638-1646 is the key.

      V.

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    3. The 1649-1650 is key resistance in the charts, so the 1646-1650 would be a confluence area to watch combining the targets.

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  2. Is the repeated spankdown at 1638 telling in any way? Thanks.

    BK

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    Replies
    1. Looks like the strong 1634 was key, and also 1636 and also 1640.

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  3. 1638-1645 region is the 10SMA and 20SMA area. Bears will try their best to hold the fort there.

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  4. KS, Keybot flipped to bullish while Cu+ still weak and down plus VIX is above 14. I thought Keybot will flip base on many factors. So this time just UTIL? Please explain.
    Thank you.

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    Replies
    1. Keybot may be affected from one to four different sectors at any given time. Utilities remain important but when UTIL moved above 481 and higher the bulls were in clover. The utes were what pushed the algo firmly to the bull side. Sectors such as copper and commodities, and the higher volatility are all creating market negativity but they are not strong enough to fight against all other sectors that are in the bull camp. Utilities, commodities, copper and volatility will all matter come next week. So the Treasury yields are important for utes while the dollar and China data will affect copper and commodities. To keep things in perhaps the most basic one line comment, watch UTIL 481 next week, above there and the bulls rule, below and the market selling comes back in in force.

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  5. I guess that my flashy - crashy feeling didn't work today..huh! :)
    Maybe next week :)!

    V.

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    Replies
    1. I was rooting for ya V.

      BK

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  6. 3:34pBREAKING

    Shots fired at Santa Monica College -- reports

    from marketwatch.com

    Again?
    Man! US is such a violent country!!!
    Do something about those guns there!
    Here where I live very few have guns (1 in 20-30.000 or less) cause the process for obtaining a gun licence is so complicated that a problem with somebody is resolved with a good beating and a good fight! But people don't get killed! God!

    V.

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    Replies
    1. V, are you in Romania?

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    2. :)
      I'm from 'Traders Land', nationality is not so important.

      V.

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    3. Anon, why are you asking?

      V.

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    4. Just out of curiosity. Nothing personal:)
      I enjoy meeting people all around the world:)
      Am actually very happy that you are in KS's blog, you give guidance on wave counts in detail, although I trade conservatively but I do take your advice as a guidance. Thank you again.

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    5. Yes, I'm from Romania, Bucharest.
      Take my opinion with a grain of salt (I do too :D).
      Don't have too much experience (less than one year, although experience gained in fast-forward mode - 7 days per week 12-16h/ day, week-ends 2-4 h/day).
      I don't use only EW, I use a mixture of EW, Gann, fibo, trends average mechanism, and intermarket relations.
      I discovered that the market itself does the same. That's why there's no one single method that can cover all the market moves. This is a myth.

      Good luck,
      V.

      p.s. on Monday we might gap down due to China data released on week-end...bad, bad data. Probably a minimum pullback to 1620-1625 or more. If it's more bulls have real problems.
      Take a look : http://www.fxstreet.com/fundamental/economic-calendar/

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    6. V, you are very smart for your age and learn fast. Me, I'm older than you and have a bit more than a year experience and still dont know how to use fibo yet. EW is a bit complicated for me. I follow KS's TA (RSI,MACD,STOCH,etc) and learn to read charts on Stockcharts.com or may be you boys are just better traders! :)
      I am very grateful to be here with everybody so professional, certainly many thanks to KS!

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  7. KS ! Quick!
    Something happened on Saturday!
    Can you please reply as extended as you can ?
    http://www.fxstreet.com/fundamental/economic-calendar/

    on saturday on China exports and imports on MAy collapsed :
    imports -0.3% from +16.8%
    exports +1 % from +14.7%
    Those are strong signals, damn it! Something's happening there!

    on sunday we have on China CPI, PPI, industrial production, retail sales, urban investment and on Japan - GDP on q1 and others.

    Maybe that's why the copper falled like that during the final days of this week!!!

    V.

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    Replies
    1. Yep V, the global slowdown continues but the central bankers, mainly Fed, BOJ and ECB keep pumping easy money. We are likely at an important and epic juncture in markets and global economic history over the next month or two.

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