Friday, June 17, 2011

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot remains short but the algorithm number is now within three points of flipping to the long side.  Copper requires close watching today. NYA has moved back above its 40 week MA, oscillating back to the secular bull side.  A bounce was needed, time will tell if it has legs or not.  Strong copper today would indicate strong broad markets. You can use JJC as a proxy, watch the 54.82 level, now at 54.57. If the market bulls can get above 54.82, broad markets will be rocking higher.  If price cannot get over 54.82, it would be indicative of a short lived bounce in the markets.

Note that the SPX has now returned back to where the most recent Keybot trade started, the 1277 level.  Markets remain unstable, caution is warranted.

7/3/11; 7:00 PM EST =
7/1/11; 10:00 AM EST =
6/30/11; 7:00 PM EST EOM =
6/28/11; 10:00 AM EST =
6/26/11; 7:00 PM EST =
6/19/11; 7:00 PM EST =
6/17/11; 10:00 AM EST = -28; signal line is -25
6/17/11; 9:32 AM EST = -28
6/16/11; 9:00 AM EST = -42
6/15/11; 11:38 AM EST = -42
6/15/11; 11:31 AM EST = -28
6/15/11; 11:20 AM EST = -12; signal line is -23 but algorithm says stay short
6/14/11; 9:30 AM EST = -28; signal line is -24
6/13/11; 3:35 PM EST = -42
6/13/11; 1:59 PM EST = -28; signal line is -23
6/13/11; 11:51 AM EST = -42
6/12/11; 7:00 PM EST = -28
6/10/11; 1:54 PM EST = -28; signal line is -21
6/10/11; 1:45 PM EST = -42
6/10/11; 10:06 AM EST = -28; signal line is -18; go short 1277; (Benchmark SPX for 2011=+1.5%)(Keybot this trade=-1.0%; Keybot for 2011=+5.4%)(Actual this trade via DIA=-1.1%; Actual for 2011=-0.1%)

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