Friday, September 23, 2011


Keybot the Quant is on the short side as of yesterday's open.  If the SPX hits 1114 today, and the futures are indicating a run down to there, the selling will accelerate. Caution is warranted since new lows, put/call and other indictators hint at a potential capitulative move coming. Folks are starting to feel that panic vibe.

If you were watching UTIL 423.83, you had quite a show yesterday.  Five tests of this level but the bulls managed to hold it above each time. This aided the late day recovery. If UTIL loses the 423.83 level, this confirms the next round of selling is at hand. If UTIL maintains itself above 423.83 today, then the markets will stablilize into the weekend. Volatility is highly elevated so continue to expect wild swings in the markets.

10/7/11; 10:00 AM EST =
10/2/11; 7:00 PM EST EOM =
9/30/11; 10:00 AM EST =
9/27/11; 10:00 AM EST =
9/25/11; 7:00 PM EST =
9/22/11; 9:30 AM EST = -56; signal line is -51; go short 1150; (Benchmark SPX for 2011=-8.6%)(Keybot this trade=-2.5%; Keybot for 2011=+23.9%)(Actual this trade via SPY=-4.3%; Actual for 2011=+35.4%)

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