Tuesday, November 10, 2015

STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains short as the algorithm staggers along sideways without printing any numbers on Tuesday. Volatility sank lower during the afternoon providing lift to the stock market. Bears need higher volatility and/or lower semi's and retail stocks, and/or the SPX under 2054 to prove that down is the path ahead. The bulls need higher copper and utilities.

For the SPX starting at 2082, the bulls only need a couple points higher, to touch the 2084 handle and bingo, the upside will run strongly higher to the low 2090's. Watch the S&P futures overnight to see if the bulls can muster up a couple positive points. The bears need to push under 2070 to accelerate the downside. A move through 2071-2083 is sideways action for Wednesday. 

11/13/15; 10:00 AM EST =
11/8/15; 7:00 PM EST = +19; signal line is +38

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