Thursday, January 15, 2015

STOCK MARKET BEARISH -- SHORT

Keybot the Quant idles along on Thursday without printing any numbers. The bears need weaker retail stocks to create another leg lower while the bulls need stronger semiconductors to stop the broad market selling. Watch RTH 69.43 and SOX 673, respectively. RTH is at 70.14 creating broad market upside. SOX is 657 creating broad market downside. One or the other should flinch. If both remain status quo, stocks will likely float along sideways with an upward bias into the holiday weekend. After tomorrow's trading, markets will be closed until Tuesday morning.

For the SPX starting at 1993, the bulls need to push above 2021 to regain their mojo. The bears need to push under 1991 to accelerate the downside, only two points lower so keep an eye on the overnight S&P futures to see if the bears have two points in them. A move through SPX 1992-2020 on Friday is sideways action. The bears are in control. If the SPX loses the 1962 handle stocks are in serious trouble and may drop into a free fall collapse. The bulls need to push financials and semiconductors higher on Friday and they can at least stop the bleeding in the near-term. Keybot prints a pre-scheduled number tomorrow morning shortly after the opening bell.

1/18/15; 7:00 PM EST =
1/16/15; 10:00 AM EST =
1/13/15; 1:25 PM EST = +3; signal line is +33

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