Sunday, May 10, 2015

STOCK MARKET BULLISH -- LONG

Keybot the Quant remains bullish as the new week of trading begins. The bulls are cruising. The bears pushed UTIL under 581.90 Friday afternoon stalling the rally but the bulls pushed UTIL back above 581.90 and stocks finished last week near the highs and near record all-time highs.

Watch the same three parameters; UTIL 581.90, SOX 699.90 and RTH 76.33. The stock market will float higher if all three remain bullish. The bears need at least one of these levels and lower to occur to stop the upside move in stocks.

For the SPX starting at 2116, the bulls need two points, to touch the 2118 handle after the opening bell, and bingo, the upside will accelerate several handles printing a new all-time intraday high above 2121. The bears need to retrace Friday's gain, a formidable task, so instead the bears will simply focus on turning one of the three parameters in the second paragraph negative. A move through 2093-2117 is sideways action to begin the week.

Keybot prints one pre-scheduled number this week on Friday morning. The algorithm is an oscillator with limits at +100 and -100 so a +81 algo number indicates a market that is overbot.

5/17/15; 7:00 PM EST =
5/15/15; 10:00 AM EST =
5/10/15; 7:00 PM EST = +81; signal line is +47
5/8/15; 2:35 PM EST = +81; signal line is +46
5/8/15; 1:42 PM EST = +65; signal line is +45
5/8/15; 9:31 AM EST = +81; signal line is +45; go long 2103; (Benchmark SPX for 2015 = +2.1%)(Keybot algo this trade = +0.3%; Keybot algo for 2015 = -0.6%)(Actual results this trade = -0.8%; Actual results for 2015 = -1.9%)

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