Saturday, November 23, 2013

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

Keybot the Quant remains short through the weekend but the bulls have a big advantage at Monday's bell with UTIL at 495.31 comfortably above the important algo numbers at 489.85 and 481.68. If the bulls can keep the Sunday overnight futures positive, and move the SPX higher at the opening bell, Keybot will likely flip to the long side. The market theatrics continue with the SPX printing new all-time highs. The price action is unprecedented in Keybot's history so it will be interesting to see how it plays out. Monday, Tuesday and Wednesday may be wild days of trading. The importance of the first one-half hour of trading on Monday cannot be understated. Next week can be mapped out in better detail once the Sunday pre-scheduled number prints tomorrow.

11/24/13; 7:00 PM EST =  
11/21/13; 9:39 AM EST = +30; signal line is +39

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