Saturday, October 1, 2011


Keybot the Quant is bearish thru the weekend. The weakness in retail continued thru the end of Friday's session and that caused the weakness in the indexes. The algo did not click off any additional numbers in the afternoon. Then, when the SPX 1139 handle was touched, the markets started to unravel and the indexes tumbled into the close.  The support/resistance at SPX 1142 is very important with the bulls and bears fighting over that level since Thursday afternoon. 1142 will play a key role moving forward.

The utes are the only bull-friendly sector remaining, thus, they will play a key role next week, utilities along with retail. After tomorrow's Sunday print number for the algo, we will take a look at the exact levels for Monday. UTIL 424 level appears to be key for all next week.

10/9/11; 7:00 PM EST =
10/7/11; 10:00 AM EST =
10/2/11; 7:00 PM EST EOM EOQ3 =
9/30/11; 12:11 PM EST = -56; signal line is -42
9/30/11; 11:30 AM EST = -40; signal line is -42 but algorithm says stay short
9/30/11; 10:00 AM EST = -56; signal line is -43
9/30/11; 9:30 AM EST = -56; signal line is -43
9/29/11; 2:10 PM EST = -56; signal line is -45; go short 1146; (Benchmark SPX for 2011=-8.9%)(Keybot this trade=-0.2%; Keybot for 2011=+23.9%)(Actual this trade via DIA=+1.1%; Actual for 2011=+35.2%)

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