Thursday, March 22, 2012

Keybot the Quant Turns Bearish

Keystone's proprietary trading algorithm, Keybot the Quant, flipped to the short side at 10:51 AM EST at SPX 1392. Copper collapsed this morning ushering in the broad market weakness.  The CRB is testing 312.50 currently so watch to see if this fails, if so, another substantial leg downward will occur for markets.  As always stay alert for a whipsaw over the next day or two.  This move reverses the long position held from 3/8/12.  The Keybot algo program gained 2.1% on the latest trade but the actual trading via DIA only gained one percent.

More information and daily updates for Keybot the Quant occur at its dedicated web site;
http://www.keybotthequant.blogspot.com

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