Keybot the Quant Turns Bearish at SPX 1233

Keystone's algorithm, Keybot the Quant, turns bearish after the opening bell this morning. Volatility spiked and is remaining above 30, at least for now.  Copper price collapsed on the weak China PMI news. The broad market direction forward can be gauged by watching four key sectors and levels; XLF 12.95; RTH 107.25; SOX 371.50; UTIL 439.  If any of these levels fail the market selling will increase substantially.  If none fail, then the market selling will moderate and the indexes will move sideways.

As always, and especially now in these highly volatile wacky markets, stay on guard for a whipsaw move today or tomorrow.  More information at Keybot's site; http://www.keybotthequant.blogspot.com

11/1/11: Keybot the Quant flipped to the short side at 9:30 AM at SPX 1233; for the year thus far SPX Benchmark is down 2.0%; Keybot algo is up 26.0%; Keybot actual trading is up 35.6%. Watch for a whipsaw today or tomorrow.
10/24/11: Keybot the Quant flipped to the long side at 9:30 AM at SPX 1238; for the year thus far SPX Benchnmark is down 1.6%; Keybot algo is up 26.4%; Keybot actual trading is up 36.5%. The Fed's quantitative easing talk on 10/21 and 10/22 bounced markets. Watch for a whipsaw today or tomorrow.
10/20/11: Keybot the Quant flipped to the short side at 10:59 AM at SPX 1206; for the year thus far SPX Benchmark is down 4.1%; Keybot algo is up 29.1%; Keybot actual trading is up 40.3%. Watch for potential whipsaw. SPX 1220 is important, also SOX 363.65 and XLF 12.62.
10/6/11: Keybot the Quant flipped to the long side at 10:21 AM at SPX 1146; for the year thus far SPX Benchmark is down 8.9%; Keybot algo is up 23.9%; Keybot actual trading is up 35.5%. Watch for a potential whipsaw.

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