Saturday, February 23, 2013

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

Keybot the Quant remains short motoring along yesterday without printing any numbers. The algo number is three ticks above the signal line and the quant wants to go long but is held back by internal programming rules. Keybot will likely flip back to the long side at Monday's opening bell. Copper, commodities and volatility are the three main influences on the market as the week closed out.  The stronger dollar helped the bears last week. Next week can be set up once the pre-scheduled Sunday number prints tomorrow. Interestingly, China Flash PMI will immediately push copper and commodities strongly in one direction or the other on Monday and that will likely dictate market direction early in the new week. 

2/24/13; 7:00 PM EST =
2/21/13; 3:04 PM EST = +63; signal line is +60 but algorithm says stay short

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