Tuesday, April 24, 2012

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant is short as the markets recover today. The financials, XLF, moved back above 15.10 which provides bull fuel.  The VIX is testing the 18.50 area right now, above and it helps bears, a drop under 18.50 will send markets higher.  The SPX is printing 1375 now moving closer to the 1379 handle that would trigger the upside.  The movement of the VIX above or below 18.50 will tell a lot over the coming minutes.  Note how the algo number and signal line are on top of each other with bulls and bears continuing to fight over market control. Also note how the RTH came down to 41.02, almost failing the 41 level which would benefit the market bears, but bounced and is now printing 41.22.

4/29/12; 7:00 PM EST =
4/27/12; 10:00 AM EST =
4/24/12; 10:00 AM EST = +16; signal line is +17
4/24/12; 9:42 AM EST = +16; signal line is +15 but the algorithm says stay short
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%)

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