Keybot the Quant is long to begin the new week of trading. Markets will likely continue the roller coaster ride. Bulls need RTH above 76.25 to take stocks to new record highs again. Bears need to push XLF under 24.19 and/or SOX under 698.10 to get their mojo back. If retail stocks remain bearish and financials and semi's bullish, equities will stagger sideways with an upward bias.
For the SPX starting at 2108, the bulls need any amount of positivity in the S&P futures and that will accelerate the SPX several handles higher. The market bears must keep the S&P futures negative overnight. The bears also need to retrace Friday's upside and push under 2087 to accelerate the downside. A move through 2088-2107 is sideways action to begin the week.
Keybot prints one pre-scheduled number this week on Friday morning.
5/10/15;
7:00 PM EST =
5/8/15;
9:00 AM EST =
5/3/15; 7:00 PM EST =
+65; signal line is +56
5/1/15;
2:11 PM EST = +65; signal line is +55; go long 2106; (Benchmark SPX for
2015 = +2.3%)(Keybot algo this trade = +0.1%; Keybot algo for 2015 = -1.0%)(Actual
results this trade = +2.0%; Actual results for 2015 = -1.3%)
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