Saturday, January 16, 2016

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

Keybot the Quant remains short through the three-day holiday weekend. Markets are closed in the States on Monday in honor of Dr Martin Luther King Jr Day. Markets reopen Tuesday morning. Friday was market carnage. The algo continues to stagger through wanting to go long but continuing to revert lower remaining in the bear camp. The algo number is 13 points above the signal line but the internal parameters will not yet latch to permit the move to the long side.

Utilities will be key next week and continue to play an important role. UTIL 583.36 is a key level for every day next week and price was fighting for this level during the last hour of trading yesterday but closes below. Bulls need higher utes and bears need lower utes. This can be discussed in more detail after the Sunday pre-scheduled number prints.

The algo was active on Friday printing seven numbers including the pre-scheduled number.

1/17/16; 7:00 PM EST =
1/15/16; 2:21 PM EST = -24; signal line is -37 but algorithm remains short
1/15/16; 2:18 PM EST = -40; signal line is -37
1/15/16; 1:35 PM EST = -56; signal line is -37
1/15/16; 1:34 PM EST = -40; signal line is -36
1/15/16; 1:05 PM EST = -24; signal line is -35 but algorithm remains short
1/15/16; 12:55 PM EST = -40; signal line is -36
1/15/16; 10:00 AM EST = -24; signal line is -35 but algorithm remains short
1/12/16; 3:26 PM EST = -24; signal line is -36 but algorithm remains short

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