Sunday, April 3, 2011

STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long to start the new week. The semi's gave up the long side on Friday and weakened considerably.  Chips stocks tumbling lower is not a good economic sign.  Copper remains sick as well.  Financials keep oscillating between bullish and bearish.  Markets can not advance without financials pariticipating.

Thus, watch these key areas for hints on market direction.  Bulls need SPX to hit 1338 for more upside to occur while market bears need a SPX 1328 handle for selling to accelerate.  Chairman Bernanke's talk tomorrow night, China's potential rate hike and Trichet's potential rate hike as well as the Midlde East conflicts and Japan woes will all continue to influence markets.

4/19/11; 9:00 AM EST =
4/17/11; 7:00 PM EST =
4/10/11; 7:00 PM EST =
4/8/11; 10:00 AM EST =
4/3/11; 7:00 PM EST = +44
4/1/11; 9:30 AM EST = +44
4/1/11; 9:00 AM EST = +28; signal line is +25
3/31/11; 7:00 PM EST; EOM; EOQ1 = +28; signal line is +25
3/31/11: 3:10 PM EST = +28; signal line is +26
3/31/11: 12:55 PM EST = +44
3/31/11: 10:02 AM EST = +28; signal line is +27
3/31/11: 9:30 AM EST = +44
3/30/11: 11:09 AM EST = +60
3/30/11: 10:35 AM EST = +44
3/30/11: 10:32 AM EST = +60
3/30/11; 9:30 AM EST = +44; signal line is +22; go long 1322; (Benchmark SPX for 2011=+5.1%)(Keybot this trade=-1.0%; Keybot for 2011=+2.2%)(Actual this trade via SDS=-2.4%; Actual for 2011=+1.3%)
3/29/11; 4:00 PM EST = +44; signal line is +21 but algorithm says stay short

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