Friday, June 17, 2011

STOCK MARKET BEARISH -- SHORT

Keybot stays short, motoring along today, clicking off another three numbers. The signal line continues to creep lower; the algorithm number only one point away from wanting to flip to the long side.  Copper maintained its bearishness all day, unable to buoy markets so the broad indexes pulled back down today.

Watch the NYA 40 week MA, now at 8024.51, as the arbiter for the markets for the last hour of trading.  Price is dancing on each side of the 40 week MA today and now sits under this level, thus, bearish for today and indicating a secular bear market moving forward. If the NYA hits 8025 over the coming minutes, then the market bulls will run the indexes higher into the close. If NYA stays under the 40 week MA as it is now, then a sideways to sideways down move from here into the close. TRIN is 0.83 this minute favoring bulls.

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; 12:17 AM EST = -42
6/17/11; 11:12 AM EST = -28; signal line is -27
6/17/11; 11:02 AM EST = -42
6/17/11; 10:47 AM EST = -28; signal line is -26
6/17/11; 10:23 AM EST = -42
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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