Tuesday, May 5, 2015

STOCK MARKET BEARISH -- SHORT -CAUTION

Keybot the Quant flips to the short side at SPX 2109. Utilities failed today with the trap door opening. Watch UTIL 581.90. Price failed at this level then recovered today then failed again. After the UTIL trap-door opened, the SPX fell from 2103 to 2089, 14 handles, in the afternoon. UTIL 581.90 tells you the market direction answer on Wednesday morning. UTIL begins at 580.68 in the bear camp. Bulls must push UTIL above 581.90 and close the trap-door or they are in trouble.

For the SPX starting at 2089, the bulls only need one point lower, under 2088 and the downside selling will accelerate several handles. The bulls need to push above 2115 to get their mojo back. A move through 2089-2114 is sideways action for Wednesday.

On the last trade, the algorithm and actual trading each gain a smidge. Keybot exits SPY and enters RWM. Markets remain erratic and unstable.

5/10/15; 7:00 PM EST =
5/8/15; 9:00 AM EST =
5/5/15; 12:53 AM EST = +33; signal line is +50
5/5/15; 12:22 PM EST = +49; signal line is +52
5/5/15; 11:23 AM EST = +33; signal line is +52
5/5/15; 9:54 AM EST = +49; signal line is +54; go short 2109; (Benchmark SPX for 2015 = +2.4%)(Keybot algo this trade = +0.1%; Keybot algo for 2015 = -0.9%)(Actual results this trade = +0.2%; Actual results for 2015 = -1.1%)
5/5/15; 9:39 AM EST = +49; signal line is +55 but algorithm remains long
5/3/15; 7:00 PM EST = +65; signal line is +56
5/1/15; 2:11 PM EST = +65; signal line is +55; go long 2106; (Benchmark SPX for 2015 = +2.3%)(Keybot algo this trade = +0.1%; Keybot algo for 2015 = -1.0%)(Actual results this trade = +2.0%; Actual results for 2015 = -1.3%)

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.