Wednesday, March 11, 2015


Keybot the Quant remains short moving into the Thursday session. The algorithm did not print any numbers on Wednesday. Financials and utilities are key. Market bears will continue the downside pressure unless either XLF moves above 24.15 or UTIL above 574. The bank stress test results were released Wednesday evening and the XLF is up +0.4% in AH trading which will set the XLF up for a fight at the 24.15 level tomorrow. If stocks rally and the XLF moves above 24.15 a near term bottom is in for stocks. If stocks rally but XLF fails to overtake XLF 24.15, the selling and downward path for stocks should continue.

For the SPX starting at 2040, the bears need any smidge of negativity in the S&P futures overnight and stocks will accelerate lower at the opening bell. The bulls need to push above 2050 to create an upside acceleration that will test the 2055-2057 level in a heartbeat. A move through 2040-2049 is sideways action for Thursday. Watch XLF 24.15 since it provides the market direction answer in the very short term.

3/15/15; 7:00 PM EST =
3/13/15; 10:00 AM EST =
3/10/15; 11:25 AM EST = -8; signal line is +49
3/10/15; 10:30 AM EST = +8; signal line is +51

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