Thursday, November 10, 2011

STOCK MARKET BEARISH -- SHORT

Keybot the Quant is short. Today was active with the algo clicking off six numbers throughout the day. The quant sits firmly in the bear camp at this juncture. Semi's and financials remain key. SPX:VIX moved above 35 at the open and stayed above indicating a bullish rally day on tap. For tomorrow, market direction will be dictated by SOX 374.65, now at 378.15 and market bullish, XLF 13.00, now at 12.93 and market bearish, and SPX:VIX 35, now at 37.78. Any changes to these three compadres will impact the broad markets accordingly.

For the SPX, starting at 1239.70, the market bulls need to push above 1246, if so, the upside will accelerate quickly and the broad markets in general will move up strongly. The market bears need to push lower to lose the 1228 handle. If you see a 1227 printing, then the sellers will enter in force and the indexes will drop several more handles quickly. A move thru 1229-1245 is sideways action into the weekend.

11/30/11; 7:00 PM EST EOM =
11/29/11; 10:00 AM EST =
11/27/11; 7:00 PM EST =
11/25/11; 10:00 AM EST =
11/20/11; 7:00 PM EST =
11/17/11; 9:00 AM EST =
11/13/11; 7:00 PM EST =
11/11/11; 10:00 AM EST =
11/10/11; 1:33 PM EST = -24; signal line is +1
11/10/11; 1:14 PM EST = -8; signal line is +2
11/10/11; 11:01 AM EST = -24; signal line is +2
11/10/11; 10:29 AM EST = -40; signal line is +3
11/10/11; 9:51 AM EST = -24; signal line is +4
11/10/11; 9:30 AM EST = -8; signal line is +5
11/9/11; 2:04 PM EST = -24; signal line is +5
11/9/11; 9:30 AM EST = -8; signal line is +6; go short 1260; (Benchmark SPX for 2011=+0.2%)(Keybot this trade=-0.1%; Keybot for 2011=+23.6%)(Actual this trade via SSO=-2.1%; Actual for 2011=+29.9%)

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