Monday, April 14, 2014

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

Keybot the Quant remains short after the first day of trading this week. Bulls push markets higher with semiconductors. For Tuesday, bulls need either XLF 21.78 (financials) and/or JJC 37.53 (copper) to rocket stocks higher and confirm a sustainable upside rally going forward. If either one turns bullish, and the SPX moves above 1834, Keybot will likely flip long. The bears need to push SOX under 563.10 (semiconductors) to stop the market upside in its tracks and introduce market selling.

For the SPX starting at 1831, the bulls need to push up through 1834 to accelerate higher so watch to see if the overnight futures can maintain +3 and higher to give the bulls the nod. The bears need to push under 1816 to accelerate the downside. A move through 1817-1833 is sideways action for Tuesday. Markets remain erratic and unstable clearly evident by today's wild whipsaw trading. Bears got nothing unless they push the SOX under 563.10. Since the bulls can likely flip Keybot to the long side with bullish financials and/or copper as described above, the imminent turn warning is in the title line.

4/16/14; 9:00 AM EST =
4/14/14; 3:48 PM EST = +17; signal line is +26
4/14/14; 3:06 PM EST = +1; signal line is +28
4/14/14; 9:58 AM EST = +17; signal line is +30
4/13/14; 7:00 PM EST = +1; signal line is +31

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