Tuesday, February 4, 2014

STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains short. NYA recovered above 9750 creating bull fuel. For the Wednesday session, the bulls need GTX 4776 and/or SOX 523.89 and the relief rally will continue higher. If both flip bullish, Keybot would be in position to flip long. The bears need UTIL 495.50 and/or NYA 9750 to reinstate the market selling. If all 4 parameters remains status quo, markets float along sideways.

For the SPX starting at 1755, the bulls need to touch the 1759 handle and the upside will accelerate. The bears need to push under 1744 to accelerate the downside. A move through 1745-1758 is sideways action. The bears continue steering the ship in these treacherous markets. One of the above 4 parameters will flinch and send markets in that respective direction. The caution flag remains hidden but if GTX or SOX turn bullish, the caution flag will return and if both parameters turn bullish, the imminent turn status will return.

2/9/14; 7:00 PM EST = 
2/7/14; 9:00 AM EST = 
2/4/14; 9:36 AM EST = -30; signal line is -11 
2/3/14; 3:50 PM EST = -44; signal line is -9

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