Thursday, August 29, 2013

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains bearish moving into the Thursday session. The markets are very indecisive right now. The SPX starts at 1635 with the bulls needing to push above 1641 to create an upside acceleration and bears needing to drop under 1627.50 for a downside acceleration. A move through 1628-1640 is sideways action today. Bulls need to push UTIL above 483.32 to create upside market strength. Bears need to push JJC under 40.07 to create a new down leg for markets. The market action should be perceived as sideways if UTIL stays under 483.32 and JJC stays above 40.07. If UTIL moves above 483.32, and the SPX moves above 1641, and both stay above, Keybot will likely flip to the long side. If UTIL moves above 483.32, consider a turn to the long side to be imminent.

8/30/13; 10:00 AM EST =
8/27/13; 10:00 AM EST = -14; signal line is -2

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