Tuesday, August 13, 2013

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

Keybot the Quant is short moving into the Tuesday session but the bulls appear ready to flip the algo back to the long side. Keybot wants to go long but is not yet able to trigger the move. If the SPX moves above 1691-1692, and stays above, Keybot will likely flip long. If there is a gap up opening of 11 or more points, Keybot will likely delay any action for about 90 minutes. The bears can prevent the flip to the long side if the SOX drops under 473.10 (now at 473.62) and/or the XLF drops under 20.12 (now at 20.34). The bears need to push the SPX under 1684 today to regain their mojo. A move through 1685-1690 is sideways action. S&P futures are +6 at this writing about four hours before the U.S. open so Keybot is likely set to flip back to the long side after the opening bell.

8/16/13; 9:00 AM EST =
8/12/13; 10:10 AM EST = +65; signal line is +53 but algorithm says stay short

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