Wednesday, April 22, 2015


Keybot the Quant remains long. The algo was teasing a move to the short side this morning with the SPX moving under 2094 but price would not remain weak so Keybot remained long. Then financials recover with XLF above 24.17 so the bears got slapped in the face. For Thursday, the bears need XLF under 24.17 or they got nothing. If XLF drops under 24.17 and the SPX drops under 2091, Keybot will likely flip short. If XLF drops under 24.17 consider the imminent turn to be in play.

For the SPX starting at 2108, the bulls need to touch the 2110 handle and bingo, the upside will accelerate. The bears need to push under 2091 to accelerate the downside. A move through 2092-2109 is sideways action for Thursday. The algo number is only 2 points from the signal line so the bulls and bears keep fighting it out. Watch XLF 24.17; the banks are ruling the roost and currently the top parameter affecting market direction.

4/26/15; 7:00 PM EST =
4/22/15; 10:33 AM EST = +54; signal line is +52
4/21/15; 1:39 PM EST = +38; signal line is +51 but algorithm remains long

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