Friday, November 4, 2011


Keybot the Quant remains short after the pre-scheduled number clicks off ahead of the opening bell. The caution flag remains out since European news can wildly move the indexes one way or the other at the drop of a hat, as evidenced in yesterday's session.

For today, watch JJC 46.75, if price moves above, this will win over the quant and position it more towards moving to the bull side. Likewise VIX 30.00. If VIX stays above 30 the bears are favored, below 30 and the bulls will have a feather in their cap and a more sustained rally in place. If the down side is preferred for the indexes after the open today, watch the financials, XLF, and retail, RTH.  If XLF drops under 12.95, and/or the RTH drops under 107.70, the market bears will flex their muscles.  If there is no change to JJC, VIX, XLF and RTH as described above, then the markets move sideways today.

For the SPX today, starting at 1261, if the market bulls get up and over 1263, the indexes will launch to the upside.  If the market bears push below 1235, the large block sellers will enter in force and the indexes will drop quickly from there.  A move thru 1236-1262 is sideways action into the weekend.

11/30/11; 7:00 PM EST EOM =
11/29/11; 10:00 AM EST =
11/27/11; 7:00 PM EST =
11/25/11; 10:00 AM EST =
11/20/11; 7:00 PM EST =
11/17/11; 9:00 AM EST =
11/13/11; 7:00 PM EST =
11/11/11; 10:00 AM EST =
11/6/11; 7:00 PM EST =
11/4/11; 9:00 AM EST = -8; signal line is +1
11/2/11; 9:30 AM EST = -8; signal line is +1
11/1/11; 3:46 PM EST = -24; signal line is +1
11/1/11; 9:30 AM EST = -8; signal line is 0; go short 1233; (Benchmark SPX for 2011=-2.0%)(Keybot this trade=-0.4%; Keybot for 2011=+26.0%)(Actual this trade via DIA=-0.9%; Actual for 2011=+35.6%)

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