Saturday, November 9, 2013

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

Keybot the Quant remains short through the weekend. The bull-bear fight continues with markets unable to firmly commit to one side or the other. The bears are creating a ceiling on the market upside with weak utilities, copper and commodities. The bulls keep fighting to push markets higher with financials, semiconductors and continued low volatility. The stronger financials, with XLF exploding higher avoiding the 20.39 bull-bear danger line, create the market lift yesterday. The VIX was also crushed lower to create market lift. Something has to break and likely will next week. UTIL closes at 502.46 six points under the 508.47 the bulls need to create more equity upside. Markets are a toss-up as evidenced by a large down day on Thursday and then a complete recovery Friday. The algo continues to favor the bear side, for now. Next week's areas and levels of importance can be identified once the algo prints the pre-scheduled Sunday number tomorrow.

11/10/13; 7:00 PM EST =
11/8/13; 10:00 AM EST = +30; signal line is +43
11/8/13; 9:00 AM EST = +30; signal line is +43

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