Thursday, May 28, 2015


Keybot the Quant remains short as the wild sideways choppy action continues for 2015. On Wednesday, stocks recover the losses from Tuesday. The algo is tracking utilities and retail stocks as the main current influences on market direction so that is the battle to begin the day. Bears will create market selling pressure if UTIL drops under 584.32. Bulls will launch more upside in stocks if RTH moves above 76.40. If utes remain bullish and retail remains bearish, then the broad indexes will float along sideways with a slight upward bias.

For the SPX starting at 2123, the bulls  need to push above 2126 and bingo, the upside will accelerate to 2130+. The bears need to push under 2105, a formidable task, so instead will focus on pushing utilities and retail stocks lower. A move through SPX 2106-2125 is sideways action for Thursday. The bears are driving the bus but utilities and retail stocks will determine if that continues.

5/31/15; 7:00 PM EST EOM =
5/29/15; 10:00 AM EST =
5/27/15; 10:17 AM EST = +33; signal line is +54
5/27/15; 9:45 AM EST = +17; signal line is +56
5/26/15; 3:59 PM EST = +35; signal line is +58

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