Saturday, October 18, 2014

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short through the weekend. UTIL is at 562.56 above the critical 559.43 bull-bear line in play for all of next week so this helps the bulls maintain elevated equities when the Monday bell rings. The bulls took out the important SPX 1895 line in the sand in Friday trading but retreated back under to help the bears. If the bulls overtake 1895 again, it will probably be enough to flip the algo long. The areas and levels of interest for Monday can be identified once the Sunday pre-scheduled number prints tomorrow. Looks like Monday will be a fight between the SPX 1895 that bulls need and the UTIL 599.43 that bears need. The caution flag is out since the bulls may try to continue the rally early next week.

10/19/14; 7:00 PM EST =
10/17/14; 12:15 PM EST = -37; signal line is -20
10/17/14; 11:37 AM EST = -23; signal line is -19
10/17/14; 10:00 AM EST = -36; signal line is -18

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