Friday, June 14, 2013

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

Keybot the Quant remains short but the algo wants to flip to the long side. Other programming rules are not yet lined up properly to trigger the move. Note that GTX jumped higher at the open and will help the bulls. Also, UTIL jumps to a HOD at 488.22 only pennies from the 488.48 number that Keybot is calling out as important for all next week. The bulls appear to have the strength to run higher but the SPX is not yet on board today. Watch to see if the SPX starts running higher.

6/16/13; 7:00 PM EST =
6/14/13; 10:00 AM EST = +49; signal line is +30 but algorithm says stay short
6/14/13; 9:30 AM EST = +50; signal line is +28 but algorithm says stay short
6/13/13; 2:00 PM EST = +36; signal line is +27 but algorithm says stay short

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