Monday, October 12, 2015


Keybot the Quant remains long moving into the new week of trading. The algorithm was very active last week printing the most numbers in a very long time so there are many market parameters dancing to and fro trying to impact direction. Bulls need UTIL above 589.45, XLF above 23.36 and/or GTX above 2780 to prove the stock market upside has legs.

The bears need VIX above 17.85 (higher volatility) to stall the market upside and begin broad-based selling. Watch financials closely the XLF 23.36. As banks go the stock market will likely follow and bank earnings are on tap this week beginning tomorrow.

For the SPX starting at 2015, the bulls need to move above 2020 to accelerate higher and the bears need to push under 2008 to accelerate lower. A move through 2009-2019 is sideways action to begin the week. S&P futures are down one point about two hours before the opening bell.

The bulls are happy as the week begins with the algo number 28 points above the signal line. Keybot prints one pre-scheduled number this week on Friday morning.

10/18/15; 7:00 PM EST =
10/16/15; 10:00 AM EST =
10/11/15; 7:00 PM EST = +19; signal line is -9
10/9/15; 2:31 PM EST = +19; signal line is -11

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