Monday, July 13, 2015


Keybot the Quant begins the new week of trading on the long side. The pivot of financials from XLF 24.62 dictates market direction. S&P futures are up +15 about three hours before the opening bell so the presumption is that financials will be running higher. Bears need either XLF under 24.62 or RTH under 75.90 to stop the stock market rally. The bulls will receive further upside fuel if the NYA moves above 10918. Sideways behavior will likely occur until one of the parameters are breached.

For the SPX starting at 2077, the bulls need to push above 2081 to accelerate higher which appears on tap. Price may target the 2091 level. The bears will simply try to stop the equity rally by pushing financial and retail stocks, and the NYA Index, lower, as discussed above. The algo begins the week with the algo number 22 points above the signal line. Keybot prints two pre-scheduled numbers this week both on Friday morning.

7/19/15; 7:00 PM EST =
7/17/15; 10:00 AM EST =
7/17/15; 9:00 AM EST =
7/12/15; 7:00 PM EST = -6; signal line is -28
7/10/15; 2:20 PM EST = -6; signal line is -30

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