Thursday, June 9, 2011

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot remains long but the algorithm clicked off a lower number just before the close.  Algorithm rules prevented any whipsaw, however, at least for now.  Volatility climbed in the final couple of minutes of today's session; the markets can be sneaky.

For tomorrow, the Friday session, the market bulls need a push five points higher if they expect to gain some momo.  Thus, if the SPX sees 1294.50, then the move up will accelerate.  If, however, the market bears come to play, they need to push ten points lower, down thru the 1280 handle.  If the bears can get under 1280, accelerated selling in the broad markets will occur again.  If neither this lower 1280.00, or the higher 1294.50 are taken out tomorrow, then the markets will float along sideways into the weekend, content with a sideways move to finish the week.

Markets remain unstable.  Caution, stay on guard.

7/3/11; 7:00 PM EST =
7/1/11; 10:00 AM EST =
6/30/11; 7:00 PM EST =
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 =
6/16/11; 9:00 AM EST =
6/12/11; 7:00 PM EST =
6/9/11; 3:58 PM EST = -28; signal line is -17 but algorithm says stay long
6/9/11; 12:32 PM EST = -14; signal line is -15
6/9/11; 11:50 AM EST = 0; signal line is -14; go long 1290; (Benchmark SPX for 2011=+2.5%)(Keybot this trade=+3.1%; Keybot for 2011=+6.4%)(Actual this trade via DOG=+2.3%; Actual for 2011=+1.0%)

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