Wednesday, March 18, 2015

STOCK MARKET BULLISH -- LONG

Keybot the Quant flips to the long side today at SPX 2090, another whipsaw, shortly after 2 PM when Fed Chair Yellen began speaking at the FOMC press conference. It was surprising that the algo did not flip long after the opening bell and in fact as seen shortly before 2 PM, the bears were cruising along, then whammo, the bears got punched in the face. A wild day was anticipated and it occurred in spades.

The algo is tracking UTIL 596.72 and price is only pennies above. The stock rally will stall if UTIL drops under 596.72. Bulls will continue the party if UTIL remains bullish above 596.72 and will receive further upside fuel with higher copper; if JJC moves above 31.84.

For the SPX on Thursday starting at 2100, the bulls need to touch 2107 and bingo, the upside will accelerate. The bears need to push under 2061 to accelerate the downside. A move through 2062-2106 is sideways action for Thursday. Markets remain erratic and unstable.

Keybot exited SH and entered SPY. The last trade lost less than one percent in both the algo program and the actual trading. The SPX benchmark is up +1.5% this year. The algorithm program is dead flat on the year and actual trading is down -1.5%. Watch utilities and copper.

3/22/15; 7:00 PM EST =
3/18/15; 3:11 PM EST = +67; signal line is +41
3/18/15; 2:13 PM EST = +51; signal line is +39; go long 2090; (Benchmark SPX for 2015 = +1.5%)(Keybot algo this trade = -0.6%; Keybot algo for 2015 = +0.0%)(Actual results this trade = -0.8%; Actual results for 2015 = -1.9%)
3/18/15; 2:04 PM EST = +37; signal line is +38
3/18/15; 1:37 PM EST = +23; signal line is +37
3/18/15; 1:25 PM EST = +37; signal line is +37 but algorithm remains short
3/18/15; 1:13 PM EST = +23; signal line is +36
3/18/15; 1:11 PM EST = +37; signal line is +37 but algorithm remains short
3/18/15; 11:47 AM EST = +51; signal line is +36 but algorithm remains short
3/18/15; 11:37 AM EST = +37; signal line is +36 but algorithm remains short
3/18/15; 10:12 AM EST = +51; signal line is +35 but algorithm remains short
3/18/15; 9:36 AM EST = +37; signal line is +34 but algorithm remains short
3/17/15; 3:11 PM EST = +51; signal line is +33 but algorithm remains short
3/17/15; 2:35 PM EST = +37; signal line is +31 but algorithm remains short
3/17/15; 2:09 PM EST = +51; signal line is +30 but algorithm remains short
3/17/15; 1:04 PM EST = +37; signal line is +28 but algorithm remains short
3/17/15; 9:47 AM EST = +23; signal line is +28; go short 2077; (Benchmark SPX for 2015 = +0.9%)(Keybot algo this trade = +0.1%; Keybot algo for 2015 = +0.6%)(Actual results this trade = +0.5%; Actual results for 2015 = -1.1%)

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