Monday, March 21, 2011

STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains short and there were no signals clicking off today.  For the SPX to drive upwards 20 points or more and Keybot not want to flip to the long side is very interesting.  The POMO pumps pushed utilities, UTIL, up to 406.23.  This level gives plenty of breathing room above the 397 level where big trouble exists.  Copper remains weak, the doctor is sick, and it is a leader.

At the same time, volatility remains high despite the pull back, and retail is sick as the consumer gets sick filling up the tank. None of this mattered today as much as the financials which would not join this huge bull party.  This is odd market behavior.

Keybot starts the Tuesday session tomorrow remaining short.  If the financials shake off their funk and rally upwards, along with SPX at 1301 or higher, then the market bulls are truly running and the broad markets should continue up, and Keybot would probably flip to the long side.

If, however, the financials are stagnant again, the broad markets will probably not hold up and a new round of broad market selling should begin.  But, Keybot only sees 1's and 0's, so simply have to wait to see what happens.

4/3/11; 7:00 PM EST =
3/31/11; 7:00 PM EST; EOM =
3/29/11; 10:00 AM EST =
3/27/11; 7:00 PM EST =
3/25/11; 10:00 AM EST =
3/20/11; 7:00 PM EST = -2; signal line is +13
3/18/11; 9:30 AM EST = -2; signal line is +15
3/16/11; 1:25 PM EST = -18
3/16/11; 8:30 AM EST = -2; signal line is +18
3/14/11; 9:33 AM EST = -2
3/14/11; 9:30 AM EST = +14; signal line is +21
3/13/11; 7:00 PM EST = +30; signal line is +23 but algorithm says stay short
3/11/11; 12:15 PM EST = +30; signal line is +23 but algorithm says stay short
3/11/11; 11:48 AM EST = +14
3/11/11; 10:00 AM EST = -2
3/10/11; 2:46 PM EST = -2
3/10/11; 2:37 PM EST = +14
3/10/11; 1:30 PM EST = -2
3/10/11; 12:59 PM EST = +30; signal line is +33
3/10/11; 9:30 AM EST = +14
3/9/11; 11:35 AM EST = +30; signal line is +34
3/9/11; 9:30 AM EST = +14
3/8/11; 2:43 PM EST = +30; signal line is +35
3/8/11; 2:26 PM EST = +14
3/8/11; 10:01 AM EST = +30; signal line is +39
3/8/11; 9:31 AM EST = +14
3/7/11; 3:54 PM EST = -2
3/7/11; 3:33 PM EST = +14
3/7/11; 11:45 AM EST = -2
3/7/11; 11:32 AM EST = +14; signal line is +47; go short 1313; (Benchmark SPX for 2011=+4.4%)(Keybot this trade=-0.5%; Keybot for 2011=+1.3%)(Actual this trade via MVV=-2.2%; Actual for 2011=+0.4%)
3/7/11; 11:06 AM EST = +14; signal line +48 but algorithm says stay long, reversal appears imminent

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