Friday, January 24, 2014

STOCK MARKET BEARISH -- SHORT

Keybot the Quant is bearish through the weekend. Markets took the pipe today when financials failed early and then the utilities collapsed into the closing bell fueling the late-day blood-bath. Utilities, commodities and semiconductors are the top three parameters affecting markets going forward. The levels of interest can be identified when the Sunday pre-scheduled number prints. As long as UTIL stays under 494.50, now at 491.96, equities are in serious trouble. The bears are on easy street with the algo number now 53 points below the signal line.

1/26/14; 7:00 PM EST =
1/24/14; 1:59 PM EST = -14; signal line is +39
1/24/14; 9:36 AM EST = +2; signal line is +41

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