Wednesday, January 21, 2015

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short as the bulls launch an upside rally using the semiconductors as fuel. SOX 672.36 is an important level and price has blown up through to 679. If the NYA moves above 10805, Keybot will likely flip long. NYA is at 10724 and climbing. Note that the algo number is now only three ticks from the signal line. The caution flag is out as the bulls are trying to retake control. So bulls win big if NYA moves above 10800. Bears win big if SOX drops under 672.36. Status quo sends the stock market choppy sideways. The much-awaited ECB decision is on tap tomorrow morning.

1/25/15; 7:00 PM EST =
1/21/15; 10:19 AM EST = +22 signal line is +25
1/21/15; 9:00 AM EST = +6; signal line is +26
1/20/15; 3:37 PM EST = +6; signal line is +27

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