Wednesday, June 10, 2015

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

Keybot the Quant is short moving into the Wednesday session. There is only 10 points difference between the algo number and signal line and the bulls are staging a comeback. Yesterday, the NYA came down to the critical 10887 bull-bear line in the sand and bounced preventing substantive market failure. Isn't it amazing that the algorithm highlights these key levels before they occur? There is nothing like it available on the entire internet. The NYA 10887 remains a key level to watch.

The bulls sent GTX (commodities) above 3232 creating upside for stocks so watch this closely today; GTX begins at 3245. Semi's are in the bear camp with SOX at 711.60 but bulls will receive strong upside juice if 714.80 is taken out. VIX 14.28 is another key level with price at 14.47 causing bearishness in equities currently.

If either the VIX drops under 14.28 and/or the SOX moves above 714.80, either will do, and the SPX moves above 2086, and the moves are sustainable, it is likely that Keybot will flip to the long side. Bears will receive downside juice with either GTX under 3232 and/or NYA under 10887.

For the SPX starting at 2080, the bulls need to touch the 2086 handle and bingo, the upside will accelerate and Keybot may flip long as per the above notes. S&P futures are +7 about 90 minutes in front of the opening bell. The bears need to push under 2072 to accelerate the downside. A move through 2073-2085 is sideways action. The imminent turn notation is in the title line since stronger chips and lower volatility may cause Keybot to flip long today.

6/12/15; 10:00 AM EST =
6/9/15; 10:42 AM EST = -2; signal line is +9
6/9/15; 9:48 AM EST = -16; signal line is +10
6/9/15; 9:36 AM EST = -2; signal line is +11
6/8/15; 12:46 PM EST = -16; signal line is +11

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