Monday, September 30, 2013

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short. The pre-scheduled EOM print occurs with no change to the algo or signal line numbers occurring. If XLF remains under 20.01, and UTIL under 483.57, the markets will remain weak. Bulls need one or both of these parameters to turn bullish to send equities higher. Bears need lower copper and also the retail sector to weaken to add more bear fuel.

For the SPX starting at 1682, the bulls need to push above 1687 to accelerate the upside to 1691 in a flash. The bears need to push under 1675 and the 1660's will print in short order. A move through 1676-1686 is sideways action. A wild night is ahead since the government shutdown looks likely at 12 AM tonight, only about 4 hours away, as this is typed. Thus, anything can happen. The bears are driving the bus. Bulls got nothing unless they push financials and utilities higher.

10/4/13; 9:00 AM EST =
9/30/13; 7:00 PM EST EOM = +18; signal line is +44
9/30/13; 9:30 AM EST = +18; signal line is +44

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.