Wednesday, September 4, 2013

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains bearish as markets perform a flip-flop today. JJC (copper) collapses under 40 helping bears but the semiconductors catapult higher with the SOX overcoming the 467.60 bull-bear line creating the bull fuel that is driving equities higher. The SPX is at 1648 only about 3 points from the 1651+ break out level for today. The algo appears to need JJC move back above 39.93 today, or RTH above 53.73, and for the SPX to move above 1651, and stay above, for Keybot to flip long. SOX 467.60, JJC 39.93 and RTH 53.73 are dictating market direction.

9/6/13; 9:00 AM EST =
9/4/13; 10:00 AM EST = -15; signal line is -8
9/4/13; 9:30 AM EST = -31; signal line is -8
9/3/13; 9:30 AM EST = -15; signal line is -7

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