Wednesday, February 5, 2014

STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains short motoring along today without printing any numbers. The 1744 failed so the acceleration to 1737 occurs, however, the status was quo with the 4 parameters, hence, price recovered and markets float along sideways. Same dealio for Thursday. Bulls need GTX 4776 and/or SOX 523.89. Amazingly, the algo came up to GTX 4776 directly, and failed lower. Bears need UTIL 495.50 and/or NYA 9750. Amazingly, both parameters came down to violate their bull-bear danger levels but both recovered. UTIL 495.50 is a trap-door that can easily cause equities to drop into free fall. One of these 4 parameters tomorrow will flinch and the markets will follow that leader.

For the SPX starting at 1752, the bulls need to touch the 1756 handle and the upside will accelerate into the 1760's. The bears need to push under 1738 and the downside will accelerate to the 1720's. A move through 1739-1755 is sideways action. The bears are driving the bus. If the bulls can send both GTX and SOX above their levels listed, and the SPX above 1756, and all remain above, Keybot would likely flip to the long side.

2/9/14; 7:00 PM EST =
2/7/14; 9:00 AM EST = 
2/4/14; 9:36 AM EST = -30; signal line is -11
2/3/14; 3:50 PM EST = -44; signal line is -9

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