Tuesday, November 26, 2013

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

Keybot the Quant remains short as markets continue dancing on a knife-edge. UTIL remains under 490.64 all day long so this placed the bears at ease. JJC is 39.10 under the 39.77 bull-bear line in the sand also helping bears. VIX is 12.81 under the 13.90 line in the sand helping bulls. Thus, bears need VIX above 13.90 while the bulls need UTIL above 490.64 and/or JJC above 39.77. If either utilities or copper turn bullish, and the SPX moves above 1808.50, and remains above, Keybot will likely flip long.

For the SPX starting at 1803, the bulls need to push above 1808.50 to accelerate the upside and the bears need to push under 1801 to accelerate the downside. If the overnight S&P futures are -2 and lower, the bears will receive the nod. A move through 1802-1808 is sideways action. Markets are very unstable. Keybot prints a pre-scheduled number at 10 AM. Bears need VIX 13.90 to show that markets are committed to move lower. Bulls need UTIL 490.64 to show that markets are committed to move higher.

12/1/13; 7:00 PM EST EOM =
11/27/13; 10:00 AM EST =
11/26/13; 10:20 AM EST = +30; signal line is +36
11/26/13; 10:00 AM EST = +46; signal line is +37 but algorithm remains short

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