Monday, July 25, 2011

STOCK MARKET BEARISH -- SHORT

Keybot remains short ahead of the Tuesday session. A pre-scheduled number will click off at 10 AM.  In Monday's session, the financials, measured with XLF, dropped at the open casting a dark cloud on the markets all day long. The algorithm is now using a value of 15.30 for XLF to determine bullishness versus bearishness.  XLF sits at 15.21, nine cents under.  Thus, weak financials will weaken the broad markets so watch the XLF 15.30 level.

After the opening drop in the indexes on Monday, markets moderated and idled along sideways as the Congress clown circus continued the theatrics. For the SPX for Tuesday, if the market bulls can drive up thru 1344.32, then the buyers will enter in force, moving the SPX up to test 1347, 1349 and onward to the 1354 prior high. The market bears need to push the SPX lower to test 1331 and fail, if they can lose this 1331 handle, the selling will accelerate and the SPX will drop down in short order to test 1329, then 1326, then 1323. A move thru 1332-1343 is sideways slop. Markets remain unstable; watch to see what Keybot the Quant prints at 10 AM.

7/31/11; 7:00 PM EST EOM =
7/29/11; 10:00 AM EST =
7/26/11; 10:00 AM EST =
7/25/11; 9:30 AM EST = +4; signal line is +24
7/24/11; 7:00 PM EST = +34; signal line is +25 but algorithm says stay short
7/22/11; 11:36 AM EST = +34; signal line is +25 but algorithm says stay short
7/22/11; 9:43 AM EST = +18; signal line is +24
7/21/11; 12:39 PM EST = +34; signal line is +23 but algorithm says stay short
7/21/11; 9:49 AM EST = +18; signal line is +20
7/19/11; 9:00 AM EST = +4; signal line is +19
7/18/11; 3:54 PM EST = +4; signal line is +17
7/18/11; 10:06 AM EST = -10
7/17/11; 7:00 PM EST = +4; signal line +15
7/15/11; 10:00 AM EST = +4
7/11/11; 10:34 AM EST = +4; signal line is +12; go short 1324; (Benchmark SPX for 2011=+5.3%)(Keybot this trade=+3.0%; Keybot for 2011=+7.8%)(Actual this trade via IWM=+3.7%; Actual for 2011=+2.8)

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