Thursday, January 23, 2014

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

Keybot the Quant remains short as the Thursday session is underway. The algo is tracking several parameters which can go either way and take the markets in that respective direction. Watch UTIL 494.50, XLF 21.53, JJC 40.45, VIX 13.67 and GTX 4780. Utes, financials and copper are all causing bullishness, barely, and volatility and commodities are causing bearishness, barely, respectively. All the parameters are dancing on their respective bull-bear lines listed. Whichever way these parameters move, so goes the markets. In other words, bears need weaker utilities, financials and copper while bulls need lower volatility and higher commodities. Pay attention to UTIL 494.50 over the coming minutes since it will push equities in the same direction that it pivots. The imminent turn notation remains since the markets are erratic and unstable.

1/26/14; 7:00 PM EST =
1/23/14; 9:38 AM EST = +34; signal line is +42
1/21/14; 9:38 AM EST = +48; signal line is +42 but algorithm remains short

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