Thursday, October 24, 2013

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant is bearish moving into the Thursday session. UTIL 498 (now at 502 causing market bullishness), SOX 488.95 (now at 490.11 causing bullishness) and JJC 40.19 (now at 39.99 causing bearishness) are dictating market direction. The bulls need to send copper higher (JJC above 40.19). The bears need to push utilities and semiconductors lower (UTIL under 498.03 and SOX under 488.95, respectively). The movement of these 3 parameters will send markets in the same respective direction.

For the SPX starting at 1746, the bulls need to move above 1752 to ignite an upside acceleration to test the all-time high at 1759. S&P futures are +7 at this writing about 6 hours before the U.S. open which teases at this outcome currently. The bears need to push under 1741 to accelerate the downside. A move through 1742-1751 is sideways action. If JJC pushes above 40.19, and the SPX moves above 1752, and both remain above, Keybot will likely flip back to the long side. Markets remain very unstable.

10/27/13; 7:00 PM EST =
10/25/13; 10:00 AM EST =
10/23/13; 11:29 AM EST = +48; signal line is +59
10/23/13; 10:20 AM EST = +32; signal line is +59

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