Thursday, January 8, 2015

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

Keybot the Quant remains short as the bulls launch a rocket to begin the Thursday session. XLF moves above 24.26 and SOX above 671.80 which creates the bull fuel. Note that the SOX opened exactly at the 671.80 that the algo called out ahead of time. The SPX is up to 2053 up over 45 handles in only two days.

Since financials and semiconductors are back in the bull camp, the algo is now tracking the NYA Index again. Watch NYA 10790 which would confirm a sustainable and strong rally ahead with new stock market highs likely. NYA is at 10761 less than 30 points away. This is for all the marbles so watch it closely. Bears must prevent NYA 10790 with all their might. The imminent turn is in play and Keybot will likely flip to the long side if the NYA prints above 10790.

1/9/15; 9:00 AM EST =
1/8/15; 9:36 AM EST = +35; signal line is +43
1/6/15; 9:42 AM EST = +3; signal line is +43

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.