Friday, September 12, 2014

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

Keybot the Quant remains short as the Friday session is underway and Keybot prints this weeks pre-scheduled number a short time ago. The bulls have the market on a silver platter but the bears show up to play pushing volatility higher and the SPX lower. Watch VIX 12.35 as the market rudder. Above and bears will be happy into the weekend. If the VIX drops under 12.35, the bulls will mount a huge upside rally and Keybot will likely flip long.

Financials are upbeat which keeps the bulls in the game. Semi's are weak helping bears. UTIL is 555 and remember the 550 is a critical bull-bear line for all of next week. If UTIL closes today under 550, the bears will be in great shape come Monday morning. The SPX is staggering sideways along the 1990-1991 support area.

9/14/14; 7:00 PM EST =
9/12/14; 10:00 AM EST = +42; signal line is +53
9/8/14; 11:57 AM EST = +40; signal line is +53

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.