Thursday, January 29, 2015

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

Keybot the Quant remains short. The algo idled along all day without printing any numbers. Watch SOX 673.82 and VIX 16.10 since either of these would indicate that the upside market move is real and has legs. If both remain in the bear camp, stocks should roll back over to the downside. If one of the two turn bullish, and the SPX moves above 2025, and the SPX and the parameter remain bullish, Keybot will likely flip to the long side. Hence, the imminent turn notation is in the title line. The markets are very indecisive.

For the SPX starting at 2021, the bulls need to touch the 2025 handle and boom, the upside will accelerate quickly above 2030. The bears need to push under 1989 to regain their mojo, a formidable task, so instead bears will push chips lower and volatility higher with all their might. The erratic, unstable, choppy sideways behavior persists. Keybot prints a pre-scheduled number tomorrow one-half hour after the market opens. 

2/1/15; 7:00 PM EST EOM =
1/30/15; 10:00 AM EST =
1/28/15; 2:26 PM EST = +10; signal line is +24
1/28/15; 11:34 AM EST = +26; signal line is +24 but algorithm remains short

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