Friday, June 19, 2015


Keybot the Quant remains long. The bulls are in full control with the algo number 45 points above the signal line. Bulls can receive further upside juice if GTX moves above 3228 (now at 3203 in the bear camp). The bears can stop the stock market rally if either VIX moves above 13.90 (now at 13.19 in the bull camp) or if UTIL drops under 570 (now at 575 in the bull camp). At the closing bell today, watch UTIL 573 which will be the bull-bear line in the sand for all of next week (572.92 to be exact). If UTIL is under 573 as today's trading ends, that is a heads up that market weakness will be likely on Monday morning. If UTIL ends the day above 573, the bulls will be celebrating all weekend long.

For the SPX starting at 2121, the bulls need to touch the 2127 handle and bingo, the upside will accelerate and test the all-time high at 2135 in very quick order. The bears need to push under 2102 to accelerate the downside that will target 2091. A move through 2103-2125 is sideways action to end the week. S&P futures are flat as this message is typed about one-half hour before the opening bell.

6/21/15; 7:00 PM EST =
6/18/15; 9:50 AM EST = +49; signal line is +4
6/18/15; 9:37 AM EST = +33; signal line is +3

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