Saturday, June 22, 2013

STOCK MARKET BEARISH -- SHORT

Keybot the Quant is short through the weekend. The algo printed a couple more numbers in the last hour of trading. Keybot is tracking three sectors with interest that are determining market direction currently; retail, financials and semiconductors. RTH and XLF are creating bearishness as witnessed by Friday's action. SOX is creating bullishness preventing further market downside. Thus, the bulls will recover with RTH and XLF while the bears will continue to move markets lower if SOX weakens. The levels of interest can be identified once the pre-scheduled Sunday number prints tomorrow. RTH 51.48 will be very important. The bears are cruising with the algo number 49 points under the signal line.

6/23/13; 7:00 PM EST =
6/21/13; 3:40 PM EST = -29; signal line is +20
6/21/13; 3:08 PM EST = -13; signal line is +23
6/21/13; 10:25 AM EST = -29; signal line is +24

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