Thursday, April 28, 2011


Keybot remains long. Financials jumped into the bull camp after the open this morning, bolstering the bullish case for markets.  All major sectors are bullish now except for copper that remains negative.

The algorithm is sensing high drama, however, since the XLF sits directly on the bull-bear line right now and a gentle wind would be all that is needed to blow it from one camp to the other.  At this time, financials are now happy and this is creating the underlying positive vibe in the markets currently.  If XLF falls under 16.33, then financials will want to go bearish again.  Now at 16.33. Volatility is remarkable, now back under 15, CPC put/call at 0.77, there is no fear in the markets, typically a contrarian indicator.

Markets remain unstable, caution is warranted. Watch XLF for overall market direction today using 16.33 as the bull-bear line.

5/8/11; 7:00 PM EST =
5/7/11; 9:00 AM EST =
5/1/11; 7:00 PM EST; EOM (April) =
4/29/11; 10:00 AM EST =
4/28/11; 10:45 AM EST = +60
4/26/11; 10:00 AM EST = +44; signal line is +40
4/25/11; 9:30 AM EST = +44
4/24/11; 7:00 PM EST = +60
4/21/11; 9:35 AM EST = +60
4/20/11; 9:30 AM EST = +44; signal line is +42; go long 1324; (Benchmark SPX for 2011=+5.3%)(Keybot this trade=-0.7%; Keybot for 2011=+1.0%)(Actual this trade via DXD=-1.9%; Actual for 2011=-2.0%)
4/19/11; 9:00 AM EST = +28

1 comment:

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