Friday, January 9, 2015

STOCK MARKET BULLISH -- LONG -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant is on the long side but the algo is champing at the bit to whipsaw back to the short side. The algo number is under the signal line again but the algo is not yet lined up to commit back to the bear side. NYA fails 10790 creating negativity. Most importantly, watch financials; XLF 24.26. The XLF is currently 24.15 in the bear camp and creating market negativity. Market bulls got nothing unless XLF moves above 24.26.

If the SPX drops under the 2038-2039 level, Keybot will likely flip to the short side, hence, the imminent turn notation is shown. Markets are very erratic and unstable. The SPX is at 2046 staggering sideways the last couple hours. Bulls will be happy with XLF above 24.26 and bears will be happy with SPX under 2039.

1/11/15; 7:00 PM EST =
1/9/15; 10:35 AM EST = +19; signal line is +43 but algorithm remains long
1/9/15; 9:52 AM EST = +33; signal line is +44 but algorithm remains long
1/9/15; 9:00 AM EST = +49; signal line is +45
1/8/15; 3:59 PM EST = +49; signal line is +45

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.