Keystone's algorithm, Keybot the Quant, turns bearish at SPX 1409 about an hour ago. Copper, JJC, dropped under 48.83 and then the algo rules clicked into place to trigger the short side. Note that the JJC is now printing 48.79 only favoring bears by four measley pennies. Markets are unstable and on the fence but the algo is favoring the bears right now.
More information on Keybot's site;
http://www.keybotthequant.blogspot.com
KS, here we go again! I hope Keybot is short to stay. I hope this isn't another market selloff headfake. Still holding my TZA and SPXU (both underwater).Go Keybot go!!! On a side note, I thought the anonymous comments on your AAPL post was completely useless since those guys didn't offer any new insights. But I have a feeling that Keystone will get the last laugh on those guys. Take care and thanks for all that you do for us.
ReplyDeleteSteve
Hello Steve, just have to take it hour to hour to see what happens. CRB failed a short time ago so that gives the bears street cred. SPX lost the 1400 psychological level, at least testing it. 8 MA is down thru 34 MA on SPX 30-Minute chart, which is bearish. So, we will see.
ReplyDeleteKeystone welcomes all comments such as Anon with AAPL chart, there sure is a lot of folks around here named Anon, he may end up being right, who knows, but, negative divergence is a strong force. News today also says insiders are selling Apple stock, that is never a good thing.
It never matters about any individual trade, Keystone has been wrong before and will be wrong again, all that matters in trading is that you are right more than wrong. SPX 1398 handle now.
Keybot is wrong. Keystone too. Keystone forgot to put Benarke into the equation. Benny will not let the market go down. The whitehouse wants the market to go up for the election. So, don't fight it.Because of benny, downside risk in minimal but upside risk is infinite. Short and you will lose....just like me, following keystone's comments about overbot, neg divergence , spank down , for the past month.
ReplyDeleteHello Anon, sounds like you need to do more homework. Study the analysis in detail including all the subtle moves. Divergences cause the spank downs or launches but you must react quickly depending on whether they are projected to lead to somehting bigger, or if other indicators are long and strong indciating one more leg up.
ReplyDeleteWork on other trading techniques as well such as scaling into positions rather than simply entering long or short in one lump. If you are building a position the small commissions of ten bucks per trade are trivial since you can scale in at better prices. Try splitting the projected total amount you want to place in any given trade into fourths. Buy one-fourth, and wait, then the second, third, and so forth. This also helps in that if the trade goes in your favor you can choose to exit it all together, and then can even take a second trip in the future. Rolling tops take time. The market tops tend to be rolling events. Once selling occurs in the markets you will see that bottoms are more V in shape which require even faster thinking.