Tuesday, October 4, 2011

STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains short. The utilities recovered into the close like everything else.  UTIL at 422, remains two points below the critical 424 level, but comfortably four points above 418. Thus, the markets avoided a huge selling event which will be signaled again should UTIL lose 418. But the market bulls did not boost UTIL above 424 to initiate a recovery rally.  Expect the indexes to remain weak and trail sideways to sideways lower if UTIL remains between 418 and 424.

For the SPX, the market bulls have some momo. If the bulls can keep the futures green all night long, and get up over 1125 after the open, the upside will accelerate with a move towards 1131 and more than likely UTIL will be above 424 to verify the bullishness. If the futures are red indicating a lower open, the market bears have a formidable task ahead to get down to 1075 to start a market slide.  A move thru 1076-1124 is sideways action with no resolution.

10/31/11; 7:00 PM EST EOM =
10/30/11; 7:00 PM EST =
10/28/11; 10:00 AM EST =
10/25/11; 10:00 AM EST =
10/23/11; 7:00 PM EST =
10/19/11; 9:00 AM EST =
10/16/11; 7:00 PM EST =
10/14/11; 10:00 AM EST =
10/9/11; 7:00 PM EST =
10/7/11; 9:00 AM EST =
10/4/11; 3:43 PM EST = -72
10/4/11; 9:39 AM EST = -88
10/3/11; 3:59 PM EST = -72
10/2/11; 7:00 PM EST EOM EOQ3 = -56; signal line is -42
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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