Sunday, April 26, 2015


Keybot the Quant begins the new week of trading remaining on the long side. The week ahead should be very interesting. The bulls need higher semiconductors, to push the SOX above 700 (now at 694 creating market bearishness), to create more upside juice.

The bears need either GTX under 3212 (now at 3220 causing market bullishness) or XLF under 24.17 (now at 24.28 causing market bullishness) or JJC under 32.61 (now at 32.88 causing market bullishness) to create market negativity so watch commodities, financials and copper, respectively. If any one of the three parameters turn bearish, and the SPX drops under 2113, and both remain under the target levels, Keybot will likely flip short, hence the imminent turn notation in the title line. Keep an eye on copper trading overnight.

For the SPX starting at 2118, the bulls need to touch the 2121 handle and bingo, the upside will accelerate well into the mid perhaps upper 2120's. The bears need to push under 2113 to accelerate the downside. A move through 2114-2120 is sideways action to begin the week.

Keybot prints three pre-scheduled numbers this week one on Tuesday morning, one on Thursday evening for EOM and one on Friday morning. Watch GTX 3212 closely since this will likely provide the most direct indication of broad stock market direction after the opening bell.

5/3/15; 7:00 PM EST =
5/1/15; 10:00 AM EST =
4/30/15; 7:00 PM EST EOM =
4/28/15; 10:00 AM EST =
4/26/15; 7:00 PM EST = +68; signal line is +55
4/24/15; 2:31 PM EST = +68; signal line is +54

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