Saturday, December 8, 2018

STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains short as the carnage occurs on Wall Street. There is blood in the streets. Two traders, unable to deal with the turmoil, jumped from windows; fortunately they were on the ground floor. The bears remain in control of the stock market with the algo number 15 points below the signal line. The algo idles along quietly since Tuesday only printing the two pre-scheduled numbers yesterday morning.

Bulls will likely need stronger copper to stop the stock market selling and begin a relief rally.

Despite the stock market bearishness, it is interesting to see utilities run higher. Bears need weaker utilities if they want to create a sustainable market malaise for many months. The price action in markets is historic. Markets remain erratic and unstable. The S&P 500 is negative on the year.

12/9/18; 7:00 PM EST =
12/7/18; 10:00 AM EST = -20; signal line is -5
12/7/18; 9:00 AM EST = -20; signal line is -5
12/4/18; 12:11 PM EST = -20; signal line is -6

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