Sunday, September 13, 2015


Keybot the Quant remains short as the volatile market roller coaster ride continues. The bulls need RTH above 76.10 and/or UTIL above 562.95 to prove that up is the direction for the stock market ahead. The bears need to push copper lower, JJC under 28.40, to prove they got the beans to take the stock market lower. If utilities and retail stocks remain bearish, and copper bullish, the stock market will stagger along sideways with a slight upward bias.

For the SPX starting the week at 1961, having closed at the high on Friday, any amount of green in the S&P futures will create a multi-handle upside acceleration with SPX into the high 1960's. The bears must keep the overnight S&P futures negative with all their might. After Monday's opening bell, bears must push the SPX under 1939 to accelerate the downside, a formidable task, so instead bulls will be attacking copper to send it lower. Watch copper trading overnight as a strong hint on market direction for Monday.

The bears remain in control but the spread between the algo number and signal line narrows to 21 points. Any tighter and the caution flag will be out warning of a potential flip to the upside coming soon. Keybot prints one pre-scheduled number this week on Thursday morning before the opening bell.

9/20/15; 7:00 PM EST =
9/17/15; 9:00 AM EST =
9/13/15; 7:00 PM EST = -42; signal line is -21
9/11/15; 10:00 AM EST = -42; signal line is -18

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