Sunday, August 9, 2015

STOCK MARKET BULLISH -- LONG -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant is long to begin the new week of trading. Market bulls must keep UTIL above both the 587 and 590 levels while also keeping the VIX under 13.67. If so, then the stock market will float higher. If UTIL drops under 590 or the VIX moves above 13.67 markets will be selling off. If both turn bearish the selling will increase. If UTIL then loses the 587 level, stocks will be going downhill fast. If UTIL slips under 590 and VIX moves above 13.67, and the SPX drops under 2068, Keybot will likely flip to the short side. Markets remain a coin flip but utilities and volatility will tell you the market direction answer.

For the SPX starting at 2078, the bulls need to touch the 2083 handle and a strong upside acceleration will occur. The bears need to push under 2068 to accelerate the downside. A move through 2069-2082 is sideways action to begin the week. Keybot prints one pre-scheduled number this week on Friday morning.

8/16/15; 7:00 PM EST =
8/14/15; 10:00 AM EST =
8/9/15; 7:00 PM EST = +19; signal line is +7
8/7/15; 3:53 PM EST = +19; signal line is +7; go long 2077; (Benchmark SPX for 2015 = +0.9%)(Keybot algo this trade = +0.8%; Keybot algo for 2015 = +3.9%)(Actual results this trade = +1.4%; Actual results for 2015 = +5.4%)

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