Monday, October 7, 2013

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short as another active week begins with the algo printing five numbers thus far today. The algo is tracking UTIL 483.61 and 485.90, XLF 20.02, JJC 40.19 and GTX 4888. All parameters are causing market negativity except for copper with JJC above 40.19. GTX is teasing 4888 currently at 4884 as this message is typed. Bulls can stop the equity downside if they push at least one of the bearish parameters, UTIL, XLF and GTX, to the bull side. The market bears have a hair more breathing room but it is nothing to write home about. Markets remain erratic and indecisive.

10/13/13; 7:00 PM EST =
10/11/13; 10:00 AM EST =
10/7/13; 1:38 PM EST = +2; signal line is +22
10/7/13; 11:43 AM EST = +16; signal line is +23
10/7/13; 11:06 AM EST = +2; signal line is +24
10/7/13; 10:39 AM EST = -14; signal line is +24
10/7/13; 9:30 AM EST = +2; signal line is +25
10/6/13; 7:00 PM EST = +34; signal line is +25 but algorithm remains short

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.