Sunday, September 20, 2015


Keybot the Quant is short moving into the new week of trading. Markets remain a toss-up as the high volatility creates whipsaw price action. Keybot is tracking utilities, copper and retail stocks as the greatest current influences on market direction. The bears need UTIL under 560.53 to create more market negativity. This number will remain the same all week long. UTIL begins at 565.

The market bulls need either JJC above 28.48 and/or RTH above 76.06. The bulls will not confirm sustainable upside until at least one of these two turn bullish. Watch copper trading overnight for an early hint on broad market direction for Monday.

For the SPX beginning the week at 1958, the bears only need 5 points lower, to drop under 1953 and the downside will accelerate into the mid 1940's. The bulls need to recover from Friday's drubbing and push above 1989 to regain their mojo, a formidable task, so instead bulls will focus on pushing utilities, copper and retail stocks higher to sow the seeds of a rally. A move through 1954-1988 is sideways action to begin the week. Keybot prints one pre-scheduled number this week on Friday morning. Markets remain erratic and unstable.

9/27/15; 7:00 PM EST =
9/25/15; 10:00 AM EST =
9/20/15; 7:00 PM EST = -42; signal line is -36
9/18/15; 12:04 PM EST = -42; signal line is -36

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