Tuesday, May 6, 2014

STOCK MARKET BULLISH -- LONG -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains long but is champing at the bit go short the algo number now 18 points under the signal line. The internal latching, however, does not yet fall into place so the robot remains long unwilling to yet flip to the short side. Keybot likely needs to see the SPX under 1867 today to flip short. XLF failed at 21.82 at the opening bell which creates the market weakness today. Use XLF 21.82 as the rudder that steers the ship today. Bulls must regain XLF21.82 or they got nothing. XLF is printing 21.72 and appears to be weakening further.

5/11/14; 7:00 PM EST =
5/6/14; 9:36 AM EST = +33; signal line is +51 but algorithm remains long
5/5/14; 10:14 AM EST = +49; signal line is +50 but algorithm remains long

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