Thursday, December 6, 2012

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant is short. The algo did not print any numbers today.  SOX is well above 373.00 and bullish and XLF is above 15.68 and bullish. The VIX is above 15.85 and bearish. Any change to these three parameters will affect markets sending them in the same respective direction.  The bulls only need to see positive futures overnight and that will create an upside acceleration in the SPX once the opening bell rings.  The wild card is the Jobs Report in the morning since it may provide a market surprise. If the SPX moves above 1414, Keybot will likely flip to the long side. The bears need to push under 1406 to create a downside acceleration thru 1403 and down to 1399. Keybot prints a pre-scheduled number at 9 AM tomorrow so the action can be updated at that time. Another pre-scheduled number prints at 10 AM tomorrow.

12/9/12; 7:00 PM EST =
12/7/12; 10:00 AM EST =
12/7/12; 9:00 AM EST =
12/5/12; 11:34 AM EST = +19; signal line is +6 but algorithm says stay short
12/5/12; 10:40 AM EST = +3; signal line is +5

No comments:

Post a Comment

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