Sunday, October 30, 2011

STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long to start the new trading week. Markets are already jumpy considering the jam packed week ahead with earnings, economic data and the four key events; FOMC, ECB, G20 Summit and Jobs Report. The overnight session tonight reacts to currency intervention by the BOJ.

Many major sectors have joined the bull camp now to help support market buoyancy. Watch copper on Monday, JJC, now at 48.21. If the 46.75 level fails, the broad markets will sell off. The other key item for Monday, since the EOM prints will be available at 4 PM, is the SPX 1277-1278 level. If Monday finishes with the SPX above, the market bulls can throw confetti since it means the secular bearish market trend has reversed. The market bears must close the day below 1277-1278 to maintain the current secular bear market posture.

The algo will print two pre-scheduled numbers this week; one tomorrow night and the second on Friday morning. This week should be epic trading since a huge confluence of technicals, fundamentals, events, earnings, data, meetings, summit and jobs report all occur in this same time frame. Hang on tight. Keep it simple, watch SPX 1277-1278 like a hawk.

11/20/11; 7:00 PM EST =
11/17/11; 9:00 AM EST =
11/13/11; 7:00 PM EST =
11/6/11; 7:00 PM EST =
11/4/11; 9:00 AM EST =
10/31/11; 7:00 PM EST EOM =
10/30/11; 7:00 PM EST = +36; signal line is -9
10/28/11; 10:00 AM EST = +36; signal line is -11
10/27/11; 11:59 AM EST = +36; signal line is -13
10/27/11; 9:30 AM EST = +22; signal line is -15
10/26/11; 3:59 PM EST = +6; signal line is -17
10/26/11; 3:47 PM EST = -8; signal line is -18
10/26/11; 3:31 PM EST = +6; signal line is -18
10/25/11; 10:00 AM EST = -8; signal line is -20
10/25/11; 9:30 AM EST = -8; signal line is -20
10/24/11; 10:34 AM EST = +6; signal line is -21
10/24/11; 9:30 AM EST = -8; signal line is -23; go long 1238; (Benchmark SPX for 2011=-1.6%)(Keybot this trade=-2.7%; Keybot for 2011=+26.4%)(Actual this trade via MYY=-3.8%; Actual for 2011=+36.5%)

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