Saturday, January 18, 2014

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

Keybot the Quant remains short through the 3-day holiday weekend. The status is quo. UTIL could not punch down through 491.68 to help the bears, and could not pierce up through 494.12 to help the bulls, ending the day at 492.70, dead flat, something that does not happen often. The last three days are interesting since the bulls have markets on a silver platter but cannot take advantage. Utilities, copper and volatility will remain important for next week. The areas and levels of interest can be identified once the Sunday pre-scheduled number prints. Markets are closed on Monday in Observance of the Dr Martin Luther King Day holiday. 

1/19/14; 7:00 PM EST =
1/17/14; 10:00 AM EST = +32; signal line is +42
1/17/14; 9:00 AM EST = +33; signal line is +43
1/13/14; 2:28 PM EST = +33; signal line is +44; go short 1827; (Benchmark SPX for 2014 = -1.1%)(Keybot this trade = -0.5%; Keybot for 2014 = -0.7%)(Actual this trade = -1.1%; Actual for 2014 = -1.7%)

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