Monday, October 20, 2014


Keybot the Quant remains short moving into the new week of trading. As the prior post mentions, Monday's fight is between UTIL 599.43 and SPX 1895. If UTIL remains above 559.43 and SPX under 1895, then equities stumble along sideways all day. If UTIL fails at 599.43, equities will take a leg lower. If SPX moves above 1895, the relief rally is gaining strong steam and durability and Keybot will likely flip long above 1898.

For the SPX starting at 1887, the bulls need to move above 1898 to lock in an upside acceleration and sustainable recovery rally. The bears need to push under 1865 to create a downside acceleration. A move through 1866-1897 is sideways action. S&P futures are flat well off the +12 highs last evening. The bears are in control to begin the week. UTIL 599.43 and SPX 1898 should determine market direction as described above. Keybot does not print any pre-scheduled numbers this week.

10/26/14; 7:00 PM EST =
10/19/14; 7:00 PM EST = -37; signal line is -22
10/17/14; 12:15 PM EST = -37; signal line is -20

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