Wednesday, May 11, 2011

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot remains long from yesterdays flip to the bullish side but the commodites have weakened again this morning, and the algorithm is now only five points above the signal line.  Thus, caution is warranted.

Financials, commodities and copper especially, are all bearish.  All other major sectors are viewed as bullish by the algorithm.  Stay on guard.  Markets remain unstable.

6/5/11; 7:00 PM EST =
6/3/11; 9:00 AM EST =
5/31/11; 7:00 PM EST EOM =
5/31/11; 10:00 AM EST =
5/29/11; 7:00 PM EST =
5/27/11; 10:00 AM EST =
5/22/11; 7:00 PM EST =
5/17/11; 9:00 AM EST =
5/15/11; 7:00 PM EST =
5/13/11; 10:00 AM EST =
5/11/11; 9:30 AM EST = +30; signal line is +25
5/10/11; 2:35 PM EST = +44
5/10/11; 9:35 AM EST = +30; signal line is +25; go long 1350; (Benchmark SPX for 2011=+7.3%)(Keybot this trade=+0.4%; Keybot for 2011=+3.7%)(Actual this trade via SDS=+0.7%; Actual for 2011=+0.8%)
5/9/11; 12:01 PM EST = +30; signal line is +26 but algorithm says stay short

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