Sunday, November 24, 2013

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

Keybot the Quant remains short but this may finally change come tomorrow morning. The algo number is under the signal line but shortly after the opening bell the higher utilities sector should create the set-up for the algo to flip long. If UTIL remains above 489.85, and the SPX moves above 1805, and stays above, Keybot will likely flip long. The bulls may also gain strength with copper and/or commodities so watch JJC 39.90 and GTX 4819.

Overnight tonight watch the S&P futures since any hint of green is going to create bullish happiness and the SPX heading to 1810+. The bears need to keep the futures negative and bring game tomorrow morning at the opening bell to push the SPX under 1795 to regain downside mojo. A move through 1796-1804 is sideways action to begin the week. Weaker utilities, semiconductors and/or financials would help the bears. Keybot prints 3 pre-scheduled numbers before Thanksgiving. If Keybot flips long, the anticipation is that the algo would likely whipsaw to the downside again in a day or 3's time, but in these markets anything is game. Markets remain erratic and unstable.

12/1/13; 7:00 PM EST EOM =
11/27/13; 10:00 AM EST =
11/26/13; 10:00 AM EST =
11/26/13; 9:00 AM EST =
11/24/13; 7:00 PM EST = +30; signal line is +37
11/21/13; 9:39 AM EST = +30; signal line is +39

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