Saturday, March 2, 2013

STOCK MARKET BEARISH -- SHORT -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains bearish through the weekend. The algo wants to flip back to the long side but is held back for now. The major influence on broad market direction is volatility. The VIX 15.65 will tell the tale as soon as the bell rings on Monday. If the SPX moves above 1520 and remains there, Keybot will likely flip back to the long side, however, next week's guidelines can be set up after the Sunday pre-scheduled number prints tomorrow.

3/3/13; 7:00 PM EST =
3/1/13; 12:05 PM EST = +49; signal line is +47 but algorithm says stay short
3/1/13; 11:40 AM EST = +33; signal line is +48

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