Keybot the Quant remains short moving into Wednesday trading. The bulls and bears are fighting over semiconductors so pay close attention to the SOX 672.38 bull-bear line in the sand. The stock market will catch a bid with the SPX moving up into the 2030's if SOX moves above 672.38. Bears must prevent SOX 672.38. The SOX begins at 670.57 in the bear camp creating market negativity but is less than two points away from the 672.38.
If SOX turns bullish and markets move higher, bulls will likely still need either XLF 24.10 or NYA 10800 to regain full control of the markets but the banks are in a sour mood. Thus, the best bet for the bulls is SOX 672.38 followed by NYA 10800 and the bulls will be sending the stock market far higher and Keybot will likely flip long. These levels will roughly hold in place through the ECB decision on Thursday.
For the SPX starting at 2023, the bulls need to touch the 2029 handle and bingo, an upside acceleration into the 2030's will quickly occur. The bears need to push under 2005 to accelerate the downside. A move through 2006-2028 is sideways action for Wednesday.
1/25/15;
7:00 PM EST =
1/21/15;
9:00 AM EST =
1/20/15; 3:37 PM EST
= +6; signal line is +27
1/20/15; 3:10 PM EST
= +22; signal line is +28
1/18/15;
7:00 PM EST = +6; signal line is +29
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