Tuesday, October 29, 2013

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

Keybot the Quant remains short despite an equity market that continues to float higher. Utilities and copper continue to create drama today as the SPX punches out new all-time highs above 1770. JJC is above 40.19 creating bullishness. UTIL is under 506.22 creating bearishness. The drama continues. If UTIL moves above 506.22 and the SPX moves above 1770.88, Keybot will likely flip long, so the imminent turn notation is added above. Markets are very erratic and unstable.

10/31/13; 7:00 PM EST EOM =
10/29/13; 2:05 PM EST = +46; signal line is +56
10/29/13; 1:33 PM EST = +30; signal line is +57
10/29/13; 10:43 AM EST = +46; signal line is +58
10/29/13; 10:26 AM EST = +62; signal line is +57 but algorithm remains short
10/29/13; 10:00 AM EST = +46; signal line is +57

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