Thursday, May 14, 2015


Keybot the Quant remains short. The sideways market shenanigans continue. The chips are very active and will determine market direction. Watch SOX 700.28 the bull-bear line in the sand and price begins Thursday trading at 700.13 only 15 pennies in the bear camp causing market negativity. As  semiconductors go, so go the markets. If SOX moves above 700.28, bingo, the stock market runs higher. If SOX remains under 700.28 and leaks lower under 700 the bears win and stocks sell off. If SOX moves above 700.28 and SPX above 2110, and both remain above, Keybot will likely flip long. It is a very similar set-up to yesterday.

For the SPX for Thursday beginning at 2098, the bulls need to push above 2110 and the upside will accelerate several handles higher. S&P futures are +9 two hours before the opening bell so the bulls plan to make a run higher to attack the 2109-2110 level. The bears need to push under 2096 which will accelerate the stock market lower. A move through 2097-2109 is sideways action for Thursday.

Markets are a coin flip remaining unstable and erratic. The bulls and bears treat the market like a hot potato neither side wanting to own it each throwing it back at the other day after day.

5/15/15; 10:00 AM EST =
5/13/15; 3:36 PM EST = +33; signal line is +49
5/13/15; 2:39 PM EST = +49; signal line is +48 but algorithm remains short
5/13/15; 2:23 PM EST = +33; signal line is +48
5/13/15; 1:08 PM EST = +49; signal line is +48 but algorithm remains short
5/13/15; 11:06 AM EST = +33; signal line is +48

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.