Wednesday, November 7, 2012

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short. Lots of excitement ongoing today. Five more numbers print today. It is interesting how days may go by where Keybot does not make a peep then other days it goes wild.  The algo number dropped lower indicating further bearishness but the signal line is close behind.  Watch RTH 44.40 (the new level that Keybot calculated and is now tracking) and XLF 15.73.  Above either of these two levels and the bulls will recover.  If both stay below the levels shown, the markets are in for further pain.  The XLF is 15.72 right now, a hair bearish, and the RTH is 44.48 on the bullish side. Thus, bulls want to see the XLF above 15.73 and the broad indexes will recover higher. Bears want to see RTH fail under 44.40 and the downside will accelerate into the close. Keybot also continues to track SOX 378.60 which would be positive for the bulls.

11/11/12; 7:00 PM EST =
11/9/12; 10:00 AM EST =
11/7/12; 1:19 PM EST = -31; signal line is -12
11/7/12; 1:09 PM EST = -15; signal line is -11
11/7/12; 1:01 PM EST = -31; signal line is -9
11/7/12; 10:58 AM EST = -47; signal line is -7
11/7/12; 10:56 AM EST = -31; signal line is -3
11/7/12; 10:01 AM EST = -15; signal line is -1

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