Saturday, November 26, 2011

STOCK MARKET BEARISH -- SHORT

Keybot idled along in the Friday session with no further changes after the opening bell. The utilities sector jumped back into the bullish camp and remain there so it was surprising to see the broad markets drift lower into the close.  The SPX:VIX lost the 35 level at 11:24 AM which ushered in the market weakness ahead of the weekend. Next week will be set up when the Sunday number prints tomorrow. UTIL and SPX:VIX are key.

11/30/11; 7:00 PM EST EOM =
11/29/11; 10:00 AM EST =
11/27/11; 7:00 PM EST =
11/25/11; 9:30 AM EST = -56; signal line is -35
11/23/11; 3:59 PM EST = -72; signal line is -33
11/23/11; 3:06 PM EST = -56; signal line is -30
11/23/11; 2:10 PM EST = -72; signal line is -28

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