Sunday, September 1, 2013

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short through the holiday weekend. Trading does not resume until Tuesday morning. To stop the downward market slide, bulls must either push JJC above 39.97, and/or, UTIL above 483.32. Markets will remain weak with a downward bias if copper and utilities remain weak. The bears need to push NYA under 9083 (now at 9271 causing market bullishness) to gain downside fuel.

For the SPX on Tuesday as trading begins at 1633, the bulls need 7 points higher, to poke up through 1640, and an upside acceleration will occur well into the 1640's. The bears need to push 12 points lower, to stab under 1628, and a downside acceleration will occur to test 1623 in short order. A move through 1629-1639 is sideways action to begin the holiday-shortened week. Keybot prints one pre-scheduled number this week on Friday morning. The bears are driving the bus. Happy Labor Day.

9/8/13; 7:00 PM EST =
9/6/13; 9:00 AM EST =
9/1/13; 7:00 PM EST EOM = -31; signal line is -7
8/30/13; 10:00 AM EST = -31; signal line is -5

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