Wednesday, May 27, 2015

STOCK MARKET BEARISH -- SHORT

Keybot the Quant flips back to the short side after yesterday's opening bell at SPX 2121. Since last Friday, retail stocks, commodities and utilities drop into the bear camp creating broad market selling pressure. Utilities recovered late in the day. Watch UTIL 584.32 (now at 584.39 seven pennies on the bull side ). Stocks will weaken further if UTIL loses the 584.32 level. Watch financials; XLF 24.47. Price is at 24.58 creating bullishness. Equities will sell off if XLF 24.47 fails. Bulls will recover with higher utes and financials and lower volatility.

On the last trade, the Keybot algorithm program and actual trading gain a smidge. The algo exits DIA and enters SDS; the algo is back in the double ETF's as 35 days have passed since a whipsaw has occurred. The benchmark SPX is up +3% on the year.

For the SPX starting at 2104 for Wednesday, the bears need to push under 2099 to accelerate the downside which should tag the low 2090's in quick order. The bulls need to recover yesterday's loss to regain their mojo, a formidable task, so instead will focus on the parameters in the first paragraph. A move through SPX 2100-2124 is sideways action. The bears are driving the bus with the algo number 23 points under the signal line. Three days remain in the month of May that began at 2086.

5/29/15; 10:00 AM EST =
5/26/15; 3:59 PM EST = +35; signal line is +58
5/26/15; 10:13 AM EST = +19; signal line is +59
5/26/15; 10:00 AM EST = +35; signal line is +60
5/26/15; 9:31 AM EST = +35; signal line is +62; go short 2121; (Benchmark SPX for 2015 = +3.0%)(Keybot algo this trade = +0.5%; Keybot algo for 2015 = -1.1%)(Actual results this trade = +0.1%; Actual results for 2015 = -3.5%)
5/24/15; 7:00 PM EST = +49; signal line is +62 but algorithm remains long
5/22/15; 2:10 PM EST = +49; signal line is +62 but algorithm remains long
5/22/15; 1:15 PM EST = +65; signal line is +61
5/22/15; 12:58 PM EST = +49; signal line is +61 but algorithm remains long
5/22/15; 12:18 PM EST = +65; signal line is +60
5/22/15; 11:17 AM EST = +49; signal line is +60 but algorithm remains long
5/22/15; 9:51 AM EST = +65; signal line is +59
5/22/15; 9:36 AM EST = +49; signal line is +59 but algorithm remains long
5/21/15; 10:07 AM EST = +81; signal line is +59
5/20/15; 2:34 PM EST = +65; signal line is +58
5/20/15; 2:08 PM EST = +51; signal line is +57 but algorithm remains long
5/20/15; 1:51 PM EST = +65; signal line is +57
5/20/15; 12:55 PM EST = +51; signal line is +56 but algorithm remains long
5/20/15; 12:23 PM EST = +65; signal line is +56
5/20/15; 11:57 AM EST = +51; signal line is +54 but algorithm remains long
5/20/15; 11:50 AM EST = +65; signal line is +55
5/20/15; 10:40 AM EST = +51; signal line is +56 but algorithm remains long
5/20/15; 9:36 AM EST = +65; signal line is +56
5/19/15; 11:49 AM EST = +67; signal line is +57
5/19/15; 11:41 AM EST = +81; signal line is +57
5/19/15; 11:01 AM EST = +67; signal line is +57
5/19/15; 9:00 AM EST = +81; signal line is +57
5/17/15; 7:00 PM EST = +81; signal line is +55
5/15/15; 2:39 PM EST = +81; signal line is +54
5/15/15; 11:40 AM EST = +65; signal line is +52
5/15/15; 11:13 AM EST = +49; signal line is +51 but algorithm remains long
5/15/15; 10:23 AM EST = +65; signal line is +51
5/15/15; 10:00 AM EST = +49; signal line is +50 but algorithm remains long
5/14/15; 9:36 AM EST = +49; signal line is +49; go long 2110; (Benchmark SPX for 2015 = +2.5%)(Keybot algo this trade = -0.7%; Keybot algo for 2015 = -1.6%)(Actual results this trade = -1.0%; Actual results for 2015 = -3.6%)

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