Tuesday, April 9, 2013

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short as the erratic market behavior continues. SOX fell under 423.90 so the bears have some breathing room again.  If SOX stays under 423.90, bears do not have any worries. If SOX moves above 423.90, and the SPX moves above 1567, Keybot will likely flip long. The beat goes on. The algo is active today printing three numbers thus far. The turn is not imminent if SOX stays under 423.90 but the caution flag remains in place since the markets are a coin flip these days. VIX is at 13.40 one buck under the 14.42 bull-bear danger line favoring the bulls. Watch SOX 423.90.

4/12/13; 10:00 AM EST =
4/9/13; 10:58 AM EST = +33; signal line is +39
4/9/13; 10:28 AM EST = +49; signal line is +39 but algorithm says stay short
4/9/13; 9:51 AM EST = +33; signal line is +39
4/8/13; 3:57 PM EST = +49; signal line is +40 but algorithm says stay short

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