Wednesday, August 31, 2011

STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long after printing out eight numbers today. The algo can drift along quietly sometimes, then other times, Keybot prints numbers out so fast your head spins.  Retail, copper and commodities sectors are now bullish providing the broad market bulls street cred.

For tomorrow, Thursday, the bulls need to push the SPX about 12 points higher to touch 1231, if so the buying will accelerate, 1233 will be tested quickly and give way to futher upside. The bears have it a little easier only needing to lose 10 points tomorrow to restart the negativity. If the bears can push under 1209.35, the selling will accelerate. A move thru 1210-1230 is sideways action. Also watch RTH 104 (retail), JJC 54.6 (copper) and CRB 342 (commodities) to forecast broad market direction today. All three of these major sectors turned bullish yesterday and today we see if they hold, or not.

Markets remain unstable. August ended. September's pre-scheduled printouts are now listed below with a number scheduled for Friday morning. The algo has become very active Tuesday and Wednesday so stay tuned.

10/7/11; 10:00 AM EST =
10/2/11; 7:00 PM EST EOM =
9/30/11; 10:00 AM EST =
9/27/11; 10:00 AM EST =
9/25/11; 7:00 PM EST =
9/20/11; 9:00 AM EST =
9/18/11; 7:00 PM EST =
9/16/11; 10:00 AM EST =
9/11/11; 7:00 PM EST =
9/4/11; 7:00 PM EST =
9/2/11; 9:00 AM EST =
8/31/11; 7:00 PM EST EOM = -26; signal line -61
8/31/11; 3:31 PM EST = -26
8/31/11; 3:12 PM EST = -42
8/31/11; 10:52 AM EST = -26
8/31/11; 10:39 AM EST = -40
8/31/11; 9:57 AM EST = -26
8/31/11; 9:48 AM EST = -40
8/31/11; 9:30 AM EST = -56
8/30/11; 3:58 PM EST = -72; signal line -74
8/30/11; 3:28 PM EST = -56
8/30/11; 2:47 PM EST = -72; signal line -75
8/30/11; 2:39 PM EST = -56
8/30/11; 10:00 AM EST = -72; signal line -76
8/28/11; 7:00 PM EST = -72; signal line -77
8/26/11; 10:00 AM EST = -72; signal -77
8/23/11; 11:51 AM EST = -72; signal line is -77; go long 1146; (Benchmark SPX for 2011=-8.9%)(Keybot this trade=+13.4%; Keybot for 2011=+21.2%)(Actual this trade via SDS=+25.6%; Actual for 2011=+28.4%)

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