Keybot remains short at the close but, barring any trouble in the overnight session, or a China rate hike, should whipsaw back to the long side after the open tomorrow. The algorithm watched the bearish start to the day rotate back into the bulls favor as the semi's gained strength, followed by retail strength, and then, exactly at the last tick of the day, with volatility dropping.
Utilities moved up as well which is bullish. Copper and financials, however, remain bearish. Oddly, with all the bullish strength appearing today, it still was not enough to simply get the SPX above the prior days HOD.
Thus, Keybot should flip to the long side after the open tomorrow and take a whipsaw loss unless an overnight event occurs.
4/3/11; 7:00 PM EST =
4/1/11; 9:00 AM EST =
3/31/11; 7:00 PM EST; EOM =
3/29/11; 4:00 PM EST = +44; signal line is +21 but algorithm says stay short
3/29/11; 2:04 PM EST = +30; signal line is +19 but algorithm says stay short
3/29/11; 12:58 PM EST = +14; signal line is +17
3/29/11; 12:29 PM EST = -2
3/29/11; 11:08 AM EST = +14; signal line is +17
3/29/11; 10:00 AM EST = -2
3/29/11; 9:31 AM EST = -2; signal line is +18; go short 1309; (Benchmark SPX for 2011=+4.1%)(Keybot this trade=+0.8%; Keybot for 2011=+3.2%)(Actual this trade via SSO=+1.7%; Actual for 2011=+3.7%)
3/28/11; 10:55 AM EST = -2; signal line is +19 but algorithm says stay long
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