Thursday, June 16, 2011

STOCK MARKET BEARISH -- SHORT

Keybot remains short after the pre-scheduled number clicked off with no change.  -42 is firmly bearish.  Markets tend to be weak Thursday morning after a Wednesday sell-off so this morning is following that path.  A bounce may occur mid morning, perhaps the Philly Fed will cheer things up, also, positive Greece news today will probably bounce markets.

But, Keybot is an algorithm, and does not care about such matters, 0's and 1's is all that matters.  For today for the SPX, the market bears only need to lose the 1262 handle, about 3 1/2 points lower, and the selling carnage will continue along with the SPX dropping several more handles and testing the start of year number at 1257-1258.  The market bears are in trouble since they need to push the SPX up to 1288 today to regain control, that's 23 points higher.  Perhaps the bulls will simply try to stop the bleeding today and would be content with a sideways day.

Markets remain unstable. The NYA now indicates that the broad markets have fallen into a secular bear market.  SPX:VIX is under 68 so short the rally mode is prudent unless the ratio moves back above 68.

7/3/11; 7:00 PM EST =
7/1/11; 10:00 AM EST =
6/30/11; 7:00 PM EST EOM =
6/28/11; 10:00 AM EST =
6/26/11; 7:00 PM EST =
6/19/11; 7:00 PM EST =
6/17/11; 10:00 AM EST =
6/16/11; 9:00 AM EST = -42
6/15/11; 11:38 AM EST = -42
6/15/11; 11:31 AM EST = -28
6/15/11; 11:20 AM EST = -12; signal line is -23 but algorithm says stay short
6/14/11; 9:30 AM EST = -28; signal line is -24
6/13/11; 3:35 PM EST = -42
6/13/11; 1:59 PM EST = -28; signal line is -23
6/13/11; 11:51 AM EST = -42
6/12/11; 7:00 PM EST = -28
6/10/11; 1:54 PM EST = -28; signal line is -21
6/10/11; 1:45 PM EST = -42
6/10/11; 10:06 AM EST = -28; signal line is -18; go short 1277; (Benchmark SPX for 2011=+1.5%)(Keybot this trade=-1.0%; Keybot for 2011=+5.4%)(Actual this trade via DIA=-1.1%; Actual for 2011=-0.1%)

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