Monday, August 19, 2013

STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains short and idles along today without printing any numbers. The bears are cruising with weak financials, utilities and retail, as well as higher volatility, the VIX now above 15. For Tuesday, with the SPX starting at 1646, the bulls need to touch the 1659 handle, 13 points higher, to regain upside mojo. The bears need to push under 1646, at most one negative point, and a downside acceleration into the 1630's is on tap. Thus, watch for any hint of negativity in the S&P futures that will provide the bear go signal. A move through 1647-1658 is sideways action.

8/25/13; 7:00 PM EST =
8/18/13; 7:00 PM EST = -15; signal line is +29
8/16/13; 12:40 PM EST = -15; signal line is +32

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