Tuesday, January 6, 2015

STOCK MARKET BEARISH -- SHORT

Keybot the Quant is on the short side as the Tuesday opening bell approaches. The XLF remains under 24.27 creating market mayhem. If XLF regains 24.27 the stock market will recover. If stocks rally but the XLF remains under 24.27 the bulls got nothing and the indexes will reverse and sell off again. The bears will receive further fuel with semiconductors. Watch SOX 671.80. SOX is now at 673.59 a couple points above in the bull camp creating market positivity. Stocks are in mucho trouble if SOX 671.80 fails. If the bulls ride the upside sending the XLF higher above 24.27, watch the critical NYA 10790. Bulls have no sustainable upside ahead without NYA 10790. Bears control the markets as long as NYA remains weak.

For the SPX starting at 2021, the bears need to push four points lower under 2017 to accelerate the downside which will print 2011 quickly. The bulls need to push the SPX higher to recover yesterday's drop, a formidable task, so instead bulls will focus on boosting financials (XLF), semi's (SOX) and the NYSE Composite Index (NYA) higher to stop the downside and stabilize equities. The bears are driving the bus. Watch XLF 24.27 as the main rudder steering the market ship.

1/11/15; 7:00 PM EST =
1/9/15; 9:00 AM EST =
1/5/15; 12:36 PM EST = +19; signal line is +43

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