Thursday, September 3, 2015

STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains short. Stocks are rallying but the algo motors along on the short side unimpressed only printing the pre-scheduled number thus far this week. Keybot is tracking retail stocks and copper. Bulls will only receive proof that the upside has legs if either RTH moves above 76.34 and/or JJC moves above 28.51. If both remain bearish then the broad indexes should remain bearish trending sideways to sideways lower. The algo number is 54 points under the signal line firmly bearish. Keybot prints a pre-scheduled number tomorrow morning. The upside will have legs if retail stocks and copper move higher.

9/6/15; 7:00 PM EST =
9/4/15; 9:00 AM EST =
8/31/15; 7:00 PM EST EOM = -54; signal line is +0
8/30/15; 7:00 PM EST = -54; signal line is +3

No comments:

Post a Comment

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