Tuesday, October 6, 2015


Keybot the Quant remains long as the algo prints three numbers today. Note that the algo number was only one point from the signal line this morning so the bulls and bears are fighting it out in the trenches. The imminent turn notation is in the title line since if SOX drops under 618.34 (now at 622 creating bullishness in the stock market) and the SPX drops under 1972, Keybot will likely flip to the short side. If SOX stays above 618.34, stocks will float sideways with an upward bias. If the RTH moves above 75.58 the bulls will be on easy street with stocks running strongly higher. Also keep an eye on JJC 27.91 which will extend the upside rally.

For the SPX for Wednesday starting at 1980, the bulls need to push above 1992 and the upside will accelerate towards 2000. The bears need to push under 1972 to accelerate the downside. A move through 1973-1979 is sideways action. Watch semiconductors since they are the main influence on market direction currently.

10/11/15; 7:00 PM EST =
10/6/15; 2:11 PM EST = -27; signal line is -43
10/6/15; 10:53 AM EST = -43; signal line is -44
10/6/15; 10:16 AM EST = -27; signal line is -44
10/5/15; 11:12 AM EST = -11; signal line is -46

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