Monday, November 21, 2011

STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains short, the algo number dropping further at the opening bell this morning. The retail sector failed today. As you watched RTH, you saw the immediate drop under 108.75 that gave the broad market move down some street cred.  The SPX:VIX ratio also fell under 35 at the opening bell so the bears came to play today.

At 2:10 PM, a short while ago, the SPX:VIX ratio popped back above 35 so the indexes are moderating currently as the bulls fight back. SPX sees strong support at 1191 and 1183. This is the lowest number for Keybot, -56, since 10/6/11, about six weeks ago.

11/30/11; 7:00 PM EST EOM =
11/29/11; 10:00 AM EST =
11/27/11; 7:00 PM EST =
11/23/11; 10:00 AM EST =
11/21/11; 9:30 AM EST = -56; signal line is -18
11/20/11; 7:00 PM EST = -40; signal line is -16
11/17/11; 12:12 PM EST = -40; signal line is -14
11/17/11; 9:00 AM EST = -24; signal line is -13
11/16/11; 3:11 PM EST = -24; signal line is -12
11/16/11; 1:26 PM EST = -10; signal line is -12 but algorithm says stay short
11/16/11; 9:30 AM EST = -24; signal line is -12
11/15/11; 3:58 PM EST = -10; signal line is -12 but algorithm says stay short
11/15/11; 1:36 PM EST = +6; signal line is -10 but algorithm says stay short
11/15/11; 12:35 PM EST = -10; signal line is -10 but algorithm says stay short
11/15/11; 11:27 AM EST = -24; signal line is -9; go short 1247; (Benchmark SPX for 2011=-0.9%)(Keybot this trade=-0.3%; Keybot for 2011=+24.0%)(Actual this trade via SPY=-0.7%; Actual for 2011=+28.2%)

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