Tuesday, December 16, 2014

STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains short as financials take the pipe with XLF down to 23.82. The bears are only able to push SOX down to 660, however. Bears need to push SOX under 657 to create another strong leg lower for equities and additional market mayhem. The SPX also maintains the lower boundary for today at 1982 trying to push down through but unable to so the bulls will push higher. Watch XLF 23.95 as the main guide; bears are fine below while a market rally will occur if the bulls push above. The pre-scheduled number results in a two-point decrease in the signal line closing the gap between the algo number and signal line to 24 points.

12/21/14; 7:00 PM EST =
12/16/14; 9:00 AM EST = +16; signal line is +40
12/15/14; 3:58 PM EST = +16; signal line is +42

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