Monday, November 4, 2013

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short as the new week of trading is underway. Both UTIL and JJC drop under their respective bull-bear lines in the sand at 504.41 and 40.20, respectively, so this will limit any market upside. The SPX touched 1766 and jumped to near 1768 but the bulls need stronger utilities and copper to make headway higher.  The bears are driving the bus although they may be moving down a wrong way street (market bears remain in charge despite the markets floating higher). UTIL 504.41 and JJC 40.20 tell a lot.

11/8/13; 9:00 AM EST =
11/4/13; 9:49 AM EST = +30; signal line is +50
11/4/13; 9:37 AM EST = +46; signal line is +52
11/3/13; 7:00 PM EST = +46; signal line is +53

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