Thursday, August 11, 2011

STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains short as a higher number clicks off for the algo minutes ago.  This is the first number the algorithm printed since the Monday opening bell. The SPX touched 1172 so the buyers came in to accelerate the move up as projected; SPX now moving towards 1184.

The first sign of a recovery rally occurred with UTIL moving above its 50 week MA. UTIL is now printing over 415 and the 50 MA is 413.75, thus, the bulls are gathering steam.  The SPX:VIX ratio remains under 35, however, so the bears are far from done.  The ratio has a 31 handle and once it moves above 35 the bulls will run, until then, the bears are hanging around.

8/21/11; 7:00 PM EST =
8/16/11; 9:00 AM EST =
8/14/11; 7:00 PM EST =
8/12/11; 10:00 AM EST =
8/11/11: 3:31 PM EST = -72; signal line is -39
8/8/11: 9:30 AM EST = -88
8/7/11; 7:00 PM EST = -72; signal line is -32

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.