Friday, October 25, 2013

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short as the Friday session is underway. The pre-scheduled number results in a one-point change for the signal line. The parameters dictating market direction are unchanged. UTIL is above 498 causing bullishness (watch the UTIL 506.22 number at 4 PM), SOX is above 489 causing bullishness, VIX under 14.79 causing bullishness and JJC is 40.00 under the 40.19 causing bearishness. The SPX touched the 1754 handle so price pushed higher to test the all-time high at 1758-1759. Copper is key. Watch 40.19.  If JJC moves above 40.19, and the SPX moves above 1759, and both remain above, Keybot will likely flip long. If JJC moves towards 40.19, consider that to signal that an imminent turn to the long side may be on tap.

10/27/13; 7:00 PM EST =
10/25/13; 10:00 AM EST = +48; signal line is +58
10/23/13; 11:29 AM EST = +48; signal line is +59

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