Friday, April 1, 2016

STOCK MARKET BEARISH -- SHORT -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant flips to the short side this morning at SPX 2046 after the opening bell. However, the stock market recovers all day long creating an odd day and interesting week ahead next week. Despite the rally into the closing bell, the algo number remains under the signal line by 12 points. Markets are in a choppy sideways pattern that will chew up bulls and bears. Copper is going to be the key to begin the week and will tell the tale for stocks overnight Sunday into Monday.

The benchmark SPX remains flat on the year. For the last trade, that only lasted 2-1/2 days, the algo program lost a smidge and ditto the actual trading. Keybot exited SPY and entered RWM. The algo may whipsaw back o the long side on Monday; it will likely depend on copper. The imminent turn notation is in the title line since markets are very erratic and unpredictable. The bears are winning at least into Monday's opening bell. Monday may be interesting.

4/3/16; 7:00 PM EST =
4/1/16; 11:06 AM EST = +64; signal line is +76
4/1/16; 10:58 AM EST = +50; signal line is +77
4/1/16; 10:44 AM EST = +64; signal line is +78
4/1/16; 10:00 AM EST = +50; signal line is +79
4/1/16; 9:36 AM EST = +50; signal line is +80; go short 2046; (Benchmark SPX for 2016 = +0.1%)(Keybot algo this trade = -0.2%; Keybot algo for 2016 = +7.6%)(Actual results this trade = -0.2%; Actual results for 2016 = +12.8%)
4/1/16; 9:00 AM EST = +80; signal line is +80 but algorithm remains long
3/31/16; 7:00 PM EST EOM = +80; signal line is +80 but algorithm remains long
3/30/16; 10:07 AM EST = +80; signal line is +80 but algorithm remains long
3/30/16; 9:52 AM EST = +94; signal line is +79
3/29/16; 2:15 PM EST = +80; signal line is +77; go long 2050; (Benchmark SPX for 2016 = +0.3%)(Keybot algo this trade = -1.2%; Keybot algo for 2016 = +7.8%)(Actual results this trade = -1.4%; Actual results for 2016 = +13.0%)

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