Keybot the Quant remains bearish as the Friday session is underway. The bears remain in charge with the algo number 34 points below the signal line.
Watch banks and semi's. If XLF loses the 19.47 level, the stock market will fall down the rabbit hole. If SOX moves above 805.20, the bulls will celebrate since a relief rally will be developing. XLF is at 19.55 creating market positivity while the SOX is at 804.05 creating market negativity. If the two parameters are status quo, stocks will stagger choppy sideways.
11/6/16;
7:00 PM EST =
11/4/16;
10:22 AM EST = +3; signal line is +37
11/4/16;
10:00 AM EST = -13; signal line is +39
11/4/16;
9:36 AM EST = +3; signal line is +40
11/4/16;
9:00 AM EST = +19; signal line is +42
11/2/16;
10:36 AM EST = +19; signal line is +43
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