Monday, November 25, 2013

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

Keybot the Quant remains short as the new week motors along. The algo wants to flip to the long side but internal programming rules keep holding it back. The SPX highs are important numbers with the HOD currently at 1808.10. If the SPX moves above 1808.10 and stays above heading higher, Keybot will likely flip long. The strange market action continues. Semiconductors are weak today. UTIL is 495.53 well above the 490.70 danger line (use this level instead of 489.85). Keybot is on the verge of going long. Bears need UTIL under 490.70 and/or SOX under 498.50 to create downside mojo.

11/26/13; 9:00 AM EST =
11/25/13; 9:37 AM EST = +46; signal line is +37 but algorithm remains short
11/24/13; 7:00 PM EST = +30; signal line is +37

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