Friday, December 12, 2014

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short as the higher volatility roller coaster ride continues. NYA drops under 10750 so you knew markets were in trouble. The stock market is toast as long as the NYA remains under its 40-week MA. Bulls will be back in business by pushing either NYA above 10750 or JJC above 36.08. Bears receive more downside mojo if XLF drops under 24.00 which will likely need several days of weakness to materialize if it chooses. If NYA stays below 10750, and JJC under 36.08, and XLF above 24.00, then stocks float sideways into the weekend.

For the SPX for Friday starting at 2035, the bears need to push below 2028 to accelerate the downside. S&P futures are -9 planning to make a run at the 2028. The bulls need to push above 2055, a formidable task, so instead bulls will focus on pushing the NYA and JJC higher while pushing volatility lower. A move through SPX 2029-2054 is sideways action. Keybot print a pre-scheduled number in about one hour after the opening bell occurs.

12/14/14; 7:00 PM EST =
12/12/14; 10:00 AM EST =
12/11/14; 2:03 PM EST = +30; signal line is +50
12/11/14; 10:26 AM EST = +44; signal line is +51

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