Monday, November 5, 2012

STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains short as the algo number plummets in the opening minutes today. UTIL fell thru the 50-week MA which is an extremely ominous event for markets. The retail sector, RTH, fell thru 44.45 as well but is trying to battle back.  The bulls still have financials in their camp and are trying to boost tech today, with AAPL up, to hold back the broad market slide. The SPX fell thru 1413 so far lower numbers would be expected. It is a mystery why the markets should not be under SPX 1400 right now and down 10 or 20 handles. Extreme vigilence is required. The caution flag is removed since markets are firmly bearish moving forward. Watch RTH 44.45 and UTIL 466.38 (50-week MA). The central bankers may have entered the markets to prevent a failure. This is very serious right now, keep a close eye on things.

11/11/12; 7:00 PM EST =
11/9/12; 10:00 AM EST =
11/5/12; 9:39 AM EST = -31; signal line is +14
11/5/12; 9:35 AM EST = -15; signal line is +17
11/4/12; 7:00 PM EST = +1; signal line is +20

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