Saturday, March 7, 2015

STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains short through the weekend. The algorithm was active today printing five numbers including the pre-scheduled number before the opening bell. The bears are cruising with the algo number 36 points below the signal line, however, in these markets anything can change quickly. The late day weakness was locked in by the NYA losing the 40-week MA at 10845. This is also a cyclical market signal that indicates the stock market has fallen into a cyclical bear market pattern. The problem for bears is that NYA is only three measly points below and on Monday morning the bulls can easily save the day and reverse the negativity.

On Monday, the NYA is the most important parameter at the opening bell; utilities, volatility and financials are also important. Levels of interest and Monday's projections can be set up after the Sunday pre-scheduled number prints tomorrow. Bulls will need to push the NYA Index higher and utilities higher to save the day. Bears will need higher volatility and weaker financials to continue the market selling.

3/8/15; 7:00 PM EST =
3/6/15; 3:39 PM EST = +22; signal line is +58
3/6/15; 3:08 PM EST = +36; signal line is +59
3/6/15; 2:44 PM EST = +22; signal line is +59
3/6/15; 10:42 AM EST = +36; signal line is +59

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