Sunday, November 11, 2012

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant is short going into the new trading week.  For the SPX starting at 1380, the bears need to drop under 1373 to accelerate a downside move. The 1369 level would likely trigger serious selling and would probably fail in short order if the 1373 fails.  The NYA, now at 8054, is at a similar crossroads. IF NYA loses 8001, the broad indexes will move strongly lower.  The bulls need to punch up thru 1391 and an upside acceleation will occur.  If the SPX stays under 1391, the bulls got nothing.  The bulls will also try to lure the financials, XLF, back into the bull camp, and this would occur if the XLF moves above 15.73. If XLF is over 15.73 a relief rally will be confirmed. A move thru SPX 1374-1390 is sideways action. The bears are in firm control. Exercise caution.

11/18/12; 7:00 PM EST =
11/11/12; 7:00 PM EST = -46; signal line is -18
11/9/12; 10:00 AM EST = -46; signal line is -17

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