Sunday, September 27, 2015


Keybot the Quant remains short moving into the new week of trading. The bulls could not push retail stocks or copper higher on Friday so the upside in stocks ran out of gas and reversed in the afternoon. The bulls did succeed, however, in pushing UTIL above the 569.68 bull-bear level which is critical all this week. UTIL begins at 572.36 so stocks will float higher as long as UTIL stays above 569.68. Markets will slide down the rabbit hole if UTIL drops under 569.68. If stocks sell off at the opening bell on Monday morning but UTIL remains bullish, the market will likely bottom and recover.

For the SPX starting at 1931, the bulls need to touch the 1953 handle to create an upside acceleration, a formidable task. The bears need to push under 1921 to accelerate the downside which is not an easy task either. A move through 1922-1952 is sideways action to begin the week. Keybot prints three pre-scheduled numbers this week. The EOM is Wednesday three trading days away and September began at 1972.18 about 40 handles above current levels. The algo number is only 6 points under the signal line but the bulls have a lot of ground to make up.

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; 10:00 AM EST =
9/27/15; 7:00 PM EST = -43; signal line is -37
9/25/15; 10:00 AM EST = -43; signal line is -37
9/23/15; 11:28 AM EST = -42; signal line is -37

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