Monday, April 23, 2012

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant flips to the short side at 9:57 AM EST at SPX 1362. This results in a 1.6% give-back for the algorithm program and for the actual trade execution for the latest trade.  Lower financials and higher volatility are reinforcing the bearishness today.  Watch RTH 41. If the market bears can push under 41 this will seal a sustainable down move ahead. The bulls need to prevent RTH 41 from occurring while at the same time trying to raise XLF back above 15.10.  The SPX:VIX ratio is under 68, albeit barely, which reinforces the bears. Tech is leading the market downside today which is also bearish.

Watch for a whipsaw today or tomorrow. A whipsaw would manifest itself thru the XLF and VIX action.  Market bears are driving the bus now. Markets remain very unstable. Continued caution is warranted. 

4/29/12; 7:00 PM EST =
4/27/12; 10:00 AM EST =
4/24/12; 10:00 AM EST =
4/23/12; 9:57 AM EST = +0; signal line is +14; go short 1362; (Benchmark SPX for 2012  = +8.3%)(Keybot this trade = -1.6%; Keybot for 2012 = +3.8%)(Actual this trade = -1.6%; Actual for 2012 = +5.1%)
4/23/12; 9:37 AM EST = +0; signal line is +13 but the algorithm says stay long
4/22/12; 7:00 PM EST = +30; signal line is +12
4/19/12; 3:03 PM EST = +30; signal line is +11
4/19/12; 2:17 PM EST = +16; signal line is +10
4/19/12; 11:09 AM EST = +30; signal line is +10
4/19/12; 10:31 AM EST = +46; signal line is +10
4/18/12; 11:55 AM EST = +30; signal line is +9
4/18/12; 11:32 AM EST = +16; signal line is +9
4/18/12; 9:30 AM EST = +30; signal line is +9
4/17/12; 9:50 AM EST = +46; signal line is +9
4/17/12; 9:30 AM EST = +30; signal line is +8
4/17/12; 9:00 AM EST = +16; signal line is +8
4/16/12; 9:57 AM EST = +16; signal line is +8
4/16/12; 9:30 AM EST = +30; signal line is +8
4/15/12; 7:00 PM EST = 0; signal line is +8 but algorithm says stay long
4/13/12; 3:58 PM EST = 0; signal line is +9 but algorithm says stay long
4/13/12; 10:00 AM EST = +14; signal line is +11
4/13/12; 9:30 AM EST = +14; signal line is +12
4/12/12; 12:30 PM EST = +30; signal line is +13; go long 1384; (Benchmark SPX for 2012  = +10.0%)(Keybot this trade = +1.8%; Keybot for 2012 = +5.4%)(Actual this trade = +1.5%; Actual for 2012 = +6.7%)

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