Tuesday, November 26, 2013

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

Keybot the Quant remains short as the Tuesday session is well underway. Semiconductors are higher helping bulls. Copper is weaker helping bears. Utilities collapse under the bull-bear danger line at UTIL 490.64. It is surprising to not see equities sell off; the weak utes should be pushing the broad indexes lower. The imminent turn notation will remain since anything can happen in these erratic and unstable markets. The algo needs to see UTIL above 490.65 and SPX above 1808, and both stay above, for Keybot to flip long. One day is stranger than the next.

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

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