Sunday, May 31, 2015


Keybot the Quant is set to begin the new week of trading remaining in the bear camp. Bears need lower utilities and/or financials to gain downside traction. The market bulls need higher commodities to prevent any stock market selling and begin a rally. Bears need either UTIL under 584.25 and/or XLF under 24.47 while bulls need GTX above 3239, respectively. One of these should flinch to dictate broad market direction. If the status quo remains then stocks will float sideways with an upward bias. If utes or financials turn bullish then the caution flag will be out and if both turn bullish then Keybot will likely flip long.

For the SPX starting at 2107, the bears need only a couple negative points, to push under 2105 and boom, the downside will accelerate under 2100 in quick order. The bulls need to touch the 2121 handle and bingo, the upside will accelerate into the upper 2120's. A move through 2106-2120 is sideways action to begin the week. Keybot prints one pre-scheduled number this week on Friday morning.

6/7/15; 7:00 PM EST =
6/5/15; 9:00 AM EST =
5/31/15; 7:00 PM EST EOM = +30; signal line is +51
5/29/15; 10:00 AM EST = +30; signal line is +53
5/27/15; 10:17 AM EST = +33; signal line is +54

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