Wednesday, October 2, 2013

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

Keybot the Quant remains short but the early market weakness disappears as XLF moves into bull territory above 20.01 and UTIL moves above 453.53. These two create the market lift. In addition, bulls are pumping commodities today and trying to push GTX above 4889, now at 4882, to add more bull fuel. Keybot wants to flip long now but is held back due to internal programming rules. To make things simple, if the SPX moves above 1696.50 this afternoon, Keybot will likely flip long. Use XLF 20.01, UTIL 483.53 and GTX 4889 as gauges of market strength, or weakness. Bears are driving the bus but the bulls have their hands on the steering wheel as well and want to take over control. The fight continues.

10/4/13; 9:00 AM EST =
10/2/13; 1:25 PM EST = +50; signal line is +37 but algorithm remains short
10/2/13; 12:20 PM EST = +34; signal line is +37
10/2/13; 9:30 AM EST = +18; signal line is +38

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