Thursday, April 4, 2013

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains bearish. The SOX is under 425 (causing bearishness), VIX is under 14.47 (causing bullishness) and XLF is above 17.80 (causing bullishness); the same conditions as last evening. Volatility jumped to help the bears today but then retreated in the afternoon to allow the bulls to move markets higher.  For the SPX starting at 1560, the bulls need to touch 1563 to accelerate the upside. Bears need to push under 1553 to accelerate the downside. A move through 1554-1562 is sideways action. Keybot prints a pre-scheduled number in the morning so the pre-market action can be updated at that time. If SOX moves above 425, Keybot will likely flip long. If SOX remains under 425, Keybot will likely remain short.

4/7/13; 7:00 PM EST =
4/5/13; 9:00 AM EST =
4/4/13; 2:17 PM EST = +33; signal line is +45

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