Friday, September 25, 2015


Keybot the Quant remains short as the bulls are set to run higher in Friday's trade. Utilities remain buoyant preventing the bears from making headway lower. For next week, UTIL 569.68 is a key number in play for every day so watch this closely at the 4 PM EST closing bell today. UTIL begins the day at 566.81. If UTIL remains under 569.68 at the closing bell that provides a feather in the bear's cap for Monday. If UTIL ends above 569.68, that is very encouraging for the bulls next week.

Watch JJC 28.18 and RTH 75.85 today since a sustainable upside rally will occur for stocks if either parameter turns bullish and Keybot will likely flip long. If copper and retail stocks remain bearish then the stock market rally may fade.

For the SPX starting at 1932, the bulls need to push up through 1937 to create an upside acceleration and this appears on tap with S&P futures up +25 about three hours before the opening bell. The bears need to push under 1909 to regain their mojo, a formidable task especially with the up day on tap, so instead the bears will focus on pushing utilities, copper and retail stocks lower. The algo prints a pre-scheduled number this morning. The algo number is only 5 points under the signal line so the bulls and bears are fighting for control. The algo did not print any numbers in Thursday's trade.

9/27/15; 7:00 PM EST =
9/25/15; 10:00 AM EST =
9/23/15; 11:28 AM EST = -42; signal line is -37
9/23/15; 11:19 AM EST = -58; signal line is -37
9/22/15; 2:39 PM EST = -42; signal line is -37

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