Monday, May 7, 2012

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short.  VIX remains above 18.14 favoring bears. RTH remains well above 41.35 favoring bulls. The XLF just moved above 15.18 during the noon hour so this created some short term market buoyancy.  The broad indexes will move up today if the bulls hold the XLF 15.18 level or higher. Bears need to smack the XLF back under 15.18.  XLF is now printing exactly 15.18, whichever way it goes now it will take the broad markets with it.

5/13/12; 7:00 PM EST =
5/11/12; 10:00 AM EST =
5/7/12; 12:39 PM EST = +16; signal line +25
5/6/12; 7:00 PM EST = +0; signal line +25
5/4/12; 10:05 AM EST = +0; signal line +26
5/4/12; 9:55 AM EST = +14; signal line is +27; go short 1382; (Benchmark SPX for 2012  = +9.9%)(Keybot this trade = -0.4%; Keybot for 2012 = +1.6%)(Actual this trade = -1.0%; Actual for 2012 = +2.0%)

No comments:

Post a Comment

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