Monday, October 5, 2015

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long as the new week of trading is underway with the algorithm active printing four numbers from the get-go. Semiconductors are the key to market direction also retail stocks and copper. Watch SOX 618.34. Price is dancing to and fro along this level. Very simply, the stock market will float higher if the SOX is above 618.34 moving higher. The stock market will weaken if SOX dips under 618.34 moving lower.

Also watch RTH 75.58; price is above which creates bull fuel for the stock market so stocks will weaken if this level is lost. JJC 27.91 is a bull-bear line in the sand and price remains under causing market negativity.

10/11/15; 7:00 PM EST =
10/5/15; 11:12 AM EST = -11; signal line is -46
10/5/15; 10:51 AM EST = -27; signal line is -46
10/5/15; 10:27 AM EST = -11; signal line is -46
10/5/15; 9:36 AM EST = -27; signal line is -47
10/4/15; 7:00 PM EST = -43; signal line is -47

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.