Wednesday, March 28, 2012

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant is on the short side and commodities cracked a short time ago.  The stronger dollar today has driven copper, JJC, and commodities, CRB, lower placing the bears back in control.  Utilities, UTIL, are also weak, now printing 453. UTIL needs to be above 463 by the Friday close otherwise the bears will have extra strength come Monday's open.  In addition, UTIL 446.15 must be maintained this week otherwise additional broad market selling will occur. Bears are cruising.

4/1/12; 7:00 PM EST EOM EOQ1 =
3/30/12; 10:00 AM EST =
3/28/12; 12:17 PM EST = +46; signal line is +66
3/28/12; 10:33 AM EST = +60; signal line is +67; go short 1409; (Benchmark SPX for 2012  = +12.0%)(Keybot this trade = -0.2%; Keybot for 2012 = +3.6%)(Actual this trade = -0.3%; Actual for 2012 = +5.2%)

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.