Wednesday, November 20, 2013

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

Keybot the Quant remains short on a day of wild market action. SOX failed under the 497.14 bull-bear line in the sand but recovered. UTIL popped above 503.04 but retreated back under. VIX spiked to near 13.97 at the opening bell and fell. Thus, status quo currently. UTIL was above 503.04 and the SPX attacked the 1795.50 level which should trigger the algo to flip long, but the bulls could not hold the levels. Thus, the imminent turn notation is listed again since the algo was just a hair away from going long. Markets can go either way. Watch UTIL 503.04, SOX 497.14, VIX 13.97 and SPX 1795.73 and 1785. The drama continues.

11/24/13; 7:00 PM EST =  
11/20/13; 10:43 AM EST = +30; signal line is +40
11/20/13; 10:00 AM EST = +46; signal line is +40 but algorithm remains short
11/19/13; 1:01 PM EST = +30; signal line is +41

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