Friday, October 14, 2011

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot remains long to start the final trading session for the week. The algo motored along yesterday with semi's and retail continuing to fuel the rally, financials, volatility and utes are on the fence, and copper and commodities remain bearish.

Thus, watch XLF 12.55 closely today. This is the level the quant is watching, XLF is now at 12.45, which favors market bearishness.  If the market bulls want to run the indexes higher, they need to get the XLF up and over 12.55 today and for it to stay above. The same idea goes for the utilties. Watch the UTIL 439 level today, market bearishness is currently favored with UTIL now at 435.  The third metric is volatility, VIX, that remains elevated helping market bearishness. If the VIX, now at 30.70, can drop a couple bucks, to 28.70, then the market bulls will accelerate the upside in the broad markets.

For the SPX today, starting at 1203.66, the market bulls need to see 1207.50, if so, the upside will accelerate with increased buying interest. The market bears need to push down below 1191, if an 1190 handle appears, the market bears will have the juice to drop the markets several more handles. A move thru 1192-1206 is sideways action.

So watch XLF 12.55, UTIL 439, and VIX 28.70. The algo kicks out a pre-scheduled number at 10 AM. This is a targeted pivot area for the markets today as sentiment data and business inventories hit.

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 =
10/13/11; 9:30 AM EST = -40; signal line is -50
10/12/11; 10:01 AM EST = -24; signal line is -50
10/11/11; 9:30 AM EST = -40; signal line is -50
10/10/11; 3:54 PM EST = -24; signal line is -50
10/10/11; 9:30 AM EST = -40; signal line is -50
10/9/11; 7:00 PM EST = -40; signal line is -50
10/7/11; 3:40 PM EST = -40; signal line is -51
10/7/11; 3:22 PM EST = -28
10/7/11; 9:00 AM EST = -40; signal line is -52
10/6/11; 10:21 AM EST = -40; signal line is -53; go long 1146; (Benchmark SPX for 2011=-8.9%)(Keybot this trade=+0.0%; Keybot for 2011=+23.9%)(Actual this trade via DOG=+0.3%; Actual for 2011=+35.5%)

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