Saturday, November 16, 2013

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

Keybot the Quant remains short during the 3-day rally. The algo did not print any numbers during the whole week of trading, a very odd occurrence. The SPX is now over 50 handles above where the algo entered short, again, unprecedented behavior which has never occurred in the algo's 5-year history. UTIL moves towards 507 well above the 503.04 bull-bear line in the sand for next week so the bulls are in good shape for Monday morning. Keybot should finally flip long with elevated utilities and if the SPX prints above 1800 and higher. The first one-half hour of trading on Monday is critical. The areas and levels of interest for next week can be identified once the Sunday pre-scheduled number prints tomorrow.

11/17/13; 7:00 PM EST =
11/10/13; 7:00 PM EST = +30; signal line is +42

No comments:

Post a Comment

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