Tuesday, October 16, 2012

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

Keybot the Quant is short moving into the Tuesday session. The quant did not print any numbers in the Monday session. Lots of excitement occurred, however, in the final minutes when UTIL punched above 478.43, the number the quant is tracking this week, for only a few seconds then closed below at 478.36.  Thus, the market bulls are only seven cents away from regaining control of the overall markets.  If UTIL moves above 478.43 this morning, it is highly likely that Keybot will flip to the long side.

Copper was on the verge of collapse yesterday with the JJC coming down to tease failure at 46.25-46.30 but a strong recovery bounce occurred enabling the broad indexes to move higher for the remainder of the day.  For the SPX today, starting at 1440, the bulls only need one positive point, to move above 1441 and if that holds a few minutes, an upside acceleration will occur to 1444 and 1446.  The bears need to retrace yesterday's up move and push under 1427 to ignite strong market negativity.  A move thru 1428-1440 is sideways action today. Markets remain highly unstable. In a nutshell, a makret turn appears imminent.  If UTIL moves above 478.43 and the SPX above 1441, Keybot will likely flip long. Otherwise, the bears will remain in control.

10/21/12; 7:00 PM EST =
10/17/12; 9:00 AM EST =
10/14/12; 7:00 PM EST = +44; signal line is +56
10/12/12; 10:00 AM EST = +44; signal line is +56

No comments:

Post a Comment

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