Tuesday, October 1, 2013

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant is bearish as the markets move higher today. The SPX pushes up through 1687 so it accelerated into the 1690's. UTIL is above 483.53 causing market bullishness. JJC drops under 40.13 causing bearishness. XLF is under 20.01 by a single hair causing bearishness. XLF 20.01 will dictate broad market direction. All three parameters are important for the remainder of the day. The algo prints two numbers to begin the day.

10/4/13; 9:00 AM EST =
10/1/13; 9:32 AM EST = +18; signal line is +43
10/1/13; 9:30 AM EST = +2; signal line is +43
9/30/13; 7:00 PM EST EOM = +18; signal line is +44

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