Keystone's trading algo, Keybot the Quant, flips to the bull side unexpectedly after today's opening bell at SPX 1601. The upside targets for XLF, RTH and UTIL folded like a cheap suit. As always, stay alert for a whipsaw back to the short side either today or tomorrow, especially in these volatile markets. Watch XLF 19.20, UTIL 480.83 and RTH 51.48 which would show any intial signs of weakness. UTIL is on the fence right now. More information is found on Keybot's site,
Keybot the Quant
:) Yah Baby !!!
ReplyDeletewho is keybot quant?Not you..right?
ReplyDeleteNot I
Deleteuptrending until 5 July 2013 ;)
ReplyDeleteV.
p.s. i remember an Anon saying something about some machines turned on ... a few articles ago..
there's an inverted head and shoulders forming on spx 500 60 min:
Deleteleft sh = 1584
head = 1560
neckline = 1601-1602
right shoulder = under construction now
bulls should allow the construction of right shoulder at 1584-1587.
V.
I longed 6 ES at 1594 (is) shorted TBT and UVXY lets C
ReplyDeletemy SDS' got stopped out as well at the open and I went long as well. Hmmmm, everybody long!?!?!? Added some shorts just in case... as KS said "very volatile markets"... can't read it very well. NEED a trade to at least 1604-1605 to lock in 5 waves up from the 1560 low... can then be either an a-wave (correction) or wave 1 up (new highs)
ReplyDeleteCarnage in gold, WLT, JO, wow. Interesting that JJC (copper) isn't following to new lows. Not sure if this is tied to the Baltic Dry pop KS charted earlier.
ReplyDeleteYep, all commodities slammed today with gold and silver taking the brunt. It all feels like the height of negative sentiment for the near-term. SPX at highs of day. The equity move higher today was not that strong initially but the longer that XLF, RTH and UTIL stay bullish the more upside strength will develop.
ReplyDeleteint 4 will be dead and burried when 1654 will be taken.
ReplyDeletepotential target for int.5 (if what we're seeing is int 5): 1718-1729.
what we are seeing now could (!) be a big 'B' wave (target: 1618-1654), after a big 'A' wave from 1687 to 1560 => this theory falls IF 1654 is taken.
Until 1654 is taken, you can play with some longs, but keep your eyes wide open !
If 1654 is not taken, fasten your seatbelts, mid-to-high 1400's will be seen in August!
Good luck!
V.
now, let's have fun with banksters , fed by FED and other CBs' ...
ReplyDeletehttp://www.businessinsider.com/anglo-irish-bank-tapes-2013-6
V.
I am waiting for 7/8.
ReplyDelete