Tuesday, May 31, 2011

STOCK MARKET BULLISH -- LONG

Keybot the Quant flips back to the long side.  Positive Greece news bounced the euro which in turn weakens the dollar and strengthens commodities and equities.  Commodities and copper jumped over to the bullish side this morning although they are sitting directly on top of the bull-bear line.

Semiconductors jumped up at the open but then collapsed.  Technology does not appear too excited about the indexes moving up.  Retail and utilities remain in the bull camp. Financials remain bearish.

The SPX is up about 6% this year in 5 months time.  The algorithm is up close to 4%.  Actual trading returns remain flat on the year. This low volatility, low volume, sideways markets continue along frustrating the trading algorithms.

Markets remain highly unstable currently.  Do not be surprised at a whipsaw over the next day or two.  Caution is warranted.  Keybot is long but the algorithm data are not strongly bullish.

A pre-scheduled number clicks off this evening to close out the month of May.  The week is off to a wild start with Keybot already clicking off six numbers today including a change from the short side to the long side. Stay vigilant with these markets.

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; 10:07 AM EST = +32
5/31/11; 10:00 AM EST = +16
5/31/11; 9:53 AM EST = +16
5/31/11; 9:32 AM EST = +32
5/31/11; 9:30 AM EST = +16; signal line is +1; go long 1335; (Benchmark SPX for 2011=+6.1%)(Keybot this trade=+0.5%; Keybot for 2011=+3.6%)(Actual this trade via SH=-0.2%; Actual for 2011=-0.5%)
5/31/11; 9:01 AM EST = +16; signal line is +1; go long at open
5/29/11; 7:00 PM EST = +2; signal line is +1 but algorithm says stay short
5/27/11; 10:00 AM EST = +2; signal line is +2
5/26/11; 12:12 PM EST = +2; signal line is +3
5/26/11; 9:51 AM EST = -14
5/25/11; 2:44 PM EST = +2; signal line is +4
5/25/11; 11:53 AM EST = -14
5/25/11; 11:40 AM EST = +2; signal line is +6
5/25/11; 10:25 AM EST = -14
5/25/11; 9:30 AM EST = -28
5/24/11; 3:52 PM EST = -12; signal line is +10
5/24/11; 3:00 PM EST = +2; signal line is +11
5/24/11; 11:47 AM EST = -12
5/24/11; 9:45 AM EST = +2; signal line is +14
5/23/11; 3:24 PM EST = -12
5/23/11; 2:36 PM EST = +2; signal line is +16
5/23/11; 9:31 AM EST = -12

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