Thursday, September 20, 2012

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short. The algo prints a number at the open taking the model further into bear territory due to the weaker semiconductors, another important market barometer. The quant continues to watch SOX 395.50, which failed at the open, jumping into the bear camp. UTIL, the utilities, are flat. SPX failed 1458 at the open which led to a downside acceleration to a LOD at 1452.91 thus far, so the 1453 level reinforces itself as an important support, perhaps resistance, level. The caution flag remains out. The bears are driving the bus but the tug-o-war continues.

9/23/12; 7:00 PM EST =
9/20/12; 9:30 AM EST = +44; signal line is +61
9/19/12; 9:00 AM EST = +60; signal line is +62

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