Tuesday, May 20, 2014

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

Keybot the Quant remains short as the Tuesday trading session is underway. XLF collapses under 21.83 so the weaker banks create the broad market weakness. The bears have the ball to begin the day. Watch XLF 21.83; the bull-bear line in the sand. Keybot can return to a position to go long if XLF recovers above 21.83 and SPX  prints 1886 and higher.

Current print is XLF at 21.77 and SPX at 1880. The sideways choppiness continues.

5/25/14; 7:00 PM EST =
5/20/14; 9:39 AM EST = +48; signal line is +55
5/19/14; 2:22 PM EST = +64; signal line is +54 but algorithm remains short

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