Tuesday, May 24, 2011

STOCK MARKET BEARISH -- SHORT

Keybot remains short and clicks off two numbers during the last hour of trading.  Volatility continues its Kabuki dance and finishes the day in the bear camp.  SPX finishes below the 1318.51 level which is another feather in the bears cap.  SPX could not push under 1313 today which shows weak bears. Tomorrow begins with the bears favored.

The bull bear battle of the weaklings continues tomorrow.  If the VIX stays above 17.68, now at 17.89, then the market bears are happy, below 17.68 and market bulls will rule.  The algorithm is also focusing on retail lately.  Watch the RTH 109.75 level, now at 110.13; 38 pennies above.  If RTH loses the 109.75, the market bears will be in control of the indexes tomorrow and will drive them lower.

For the SPX tomorrow, the bears must push down thru 1314; if they do the selling will accelerate.  If the market bulls come to play tomorrow and push the SPX up to touch 1324, then the bulls will run and the buying will accelerate.

Stay on guard, markets remain unstable.  Typically, the markets favor the bulls for the two days in front of a three day holiday weekend, which would be Thursday and Friday.

6/5/11; 7:00 PM EST =
6/3/11; 9:00 AM EST =
5/31/11; 7:00 PM EST EOM =
5/31/11; 10:00 AM EST =
5/29/11; 7:00 PM EST =
5/27/11; 10:00 AM EST =
5/24/11; 3:52 PM EST = -12; signal line is +10
5/24/11; 3:00 PM EST = +2; signal line is +11
5/24/11; 11:47 AM EST = -12
5/24/11; 9:45 AM EST = +2; signal line is +14
5/23/11; 3:24 PM EST = -12
5/23/11; 2:36 PM EST = +2; signal line is +16
5/23/11; 9:31 AM EST = -12
5/22/11; 7:00 PM EST = +2; signal line is +17
5/17/11; 3:34 PM EST = +2
5/17/11; 9:00 AM EST = -12
5/16/11; 3:27 PM EST = 0
5/16/11; 2:49 PM EST = +14; signal line is +20
5/16/11; 2:34 PM EST = 0
5/16/11; 12:06 PM EST = +14; signal line is +20
5/16/11; 10:19 AM EST = +30; signal line is +21 but algorithm says stay short
5/16/11; 9:42 AM EST = +14; signal line is +20
5/15/11; 7:00 PM EST = +30; signal line is +21 but algorithm says stay short
5/13/11; 1:44 PM EST = +30; signal line is +22 but algorithm says stay short
5/13/11; 1:35 PM EST = +14
5/13/11; 10:00 AM EST = +30; signal line is +22 but algorithm says stay short
5/12/11; 10:09 AM EST = +30; signal line is +21 but algorithm says stay short
5/12/11; 9:51 AM EST = +16; signal line is +22
5/12/11; 9:44 AM EST = 0
5/12/11; 9:30 AM EST = +14
5/11/11; 3:54 PM EST = +30; signal line is +23 but algorithm says stay short
5/11/11; 1:13 PM EST = +14; signal line is +23
5/11/11; 12:37 PM EST = +30; signal line is +23 but algorithm says stay short
5/11/11; 12:16 PM EST = +14; signal line is +24; go short 1342; (Benchmark SPX for 2011=+6.7%)(Keybot this trade=-0.6%; Keybot for 2011=+3.1%)(Actual this trade via DDM=-1.1%; Actual for 2011=-0.3%)
5/11/11; 9:30 AM EST = +30; signal line is +25

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