Tuesday, October 29, 2013

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short as copper joins the bull camp with JJC above 40.19.  UTIL remains under 506.22 helping bears but both copper and utes are dancing across their bull-bear lines in the sand. VIX is 13.50 remaining low helping bulls and oddly enough, the day begins with both the VIX and SPX up again; one of them is wrong. The pre-scheduled number results in a 2 tick move lower for the algo number. JJC 40.19 and UTIL 506.22 are telling the market story today. If UTIL moves above 506.22, and the SPX above 1768.68, and both stay above, Keybot will likely flip long.

10/31/13; 7:00 PM EST EOM =
10/29/13; 10:00 AM EST = +46; signal line is +57
10/29/13; 9:37 AM EST = +48; signal line is +57
10/28/13; 10:31 AM EST = +32; signal line is +57

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.