Tuesday, November 3, 2015

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

Keybot the Quant remains long but the algo continues to want to flip short. Internal programming rules will not yet permit the flip to the short side. This is unprecedented behavior for the algorithm since as of tomorrow the model will have wanted to flip short for the last week but instead sits in limbo. The bulls need either UTIL above 588.85, JJC above 27.79 or NYA above 10758 to verify more upside in stocks. The strange thing is that markets would be expected to trade flat with a downward bias but instead is trading with an upward bias.

For Wednesday, with the SPX starting at 2110, the bears need to push under 2098 and Keybot will likely flip short as a downside acceleration occurs. The bulls need to push above 2116 to accelerate the upside. A move through 2099-2115 is sideways action. The algo has not printed any numbers over the last week except for last Friday's and Sunday's pre-scheduled numbers.

11/6/15; 9:00 AM EST =
11/1/15; 7:00 PM EST EOM = +35; signal line is +40 but algorithm remains long

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