Tuesday, April 26, 2011

STOCK MARKET BULLISH -- LONG

Keybot remains long after the pre-scheduled number clicked off with no changes.  The algorithm number only sits four points above the signal line, however, not exactly a ringing endorsement of bullish strength.

All major sectors are bullish except for copper and financials.  SPX price has finally came up to fill that February gap at 1340.  1343 was the previous high close and 1344 was the previous HOD so the importance of these numbers are obvious. The algorithm is more interested in retail currently, watch RTH for hints of overall broad market direction.

Stay on guard, markets remain unstable.

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 =
4/26/11; 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

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