Wednesday, October 2, 2013

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short as the algo prints a number out of the gate today. Bears dodge a bullet but the day is young. XLF is under 20.01 and UTIL under 483.53 creating negativity. JJC remains above 40.13 which is helping the bulls remain in the game. These 3 parameters are dictating market direction right now. If either XLF or UTIL turns bullish, the imminent turn notation will have to be added again. For now, the bears are comfortably driving the bus.

10/4/13; 9:00 AM EST =
10/2/13; 9:30 AM EST = +18; signal line is +38
10/1/13; 3:59 PM EST = +50; signal line is +39 but algorithm remains short

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