Tuesday, September 29, 2015


Keybot the Quant remains short. The algo prints two numbers today. The bears remain in control. The bulls pushed UTIL above 569.68 in the early going on Tuesday in concert with the stock market moving higher but the bulls ran out of gas. Keep watching UTIL 569.68.

For the SPX starting at 1884, the bulls need to push above 1899 to accelerate the upside several handles above 1900. The bears need to push under 1872 to accelerate the downside. A move through 1873-1898 is sideways action for Wednesday. Wednesday is the EOM and EOQ3. September began at 1972 so a negative month will print.

Watch UTIL 569.68 especially if price moves above, then after a short while back below, then after a short while back above, this is important since it would  hint that the market bulls are starting to stage a comeback rally. The bulls need to move the algo number above the signal line to create the conditions to flip the algo to the long side and one way that can be accomplished is by the bulls walking utilities above and below the UTIL 569.68 level until the algo number moves above the signal line.

10/4/15; 7:00 PM EST =
10/2/15; 9:00 AM EST =
9/3015; 7:00 PM EST EOM EOQ3 =
9/29/15; 10:08 AM EST = -59; signal line is -41
9/29/15; 10:00 AM EST = -43; signal line is -40
9/28/15; 1:59 PM EST = -59; signal line is -39

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