Sunday, October 18, 2015


Keybot the Quant is long moving into the new week of trading. The bulls punched the bears in the face last week with the help of central banker money printing talk. The bulls need to move the SPX above 2048 (now at 2033) and this will likely lock in a sustainable rally into year end. The bears must hold the line at 2048 with all their might.

The upside stock market rally will stop if any of the three occur; RTH under 75.70, XLF under 23.35 and/or JJC under 28.04 so the bears need weaker retail stocks, financials and copper. If these three parameters remain in the bull camp on Monday, the bears got nothing, and stocks will move sideways with an upward bias.

For the SPX starting at 2034, the bulls need only one point higher, to touch the 2034 handle and bingo, the S&P 500 will accelerate several handles higher. The bears need to push under 2020 to accelerate the downside. A move through 2021-2033 is sideways action to begin the week. Keybot prints one pre-scheduled number this week on Tuesday morning.

10/25/15; 7:00 PM EST =
10/20/15; 9:00 AM EST =
10/18/15; 7:00 PM EST = +56; signal line is +21
10/16/15; 2:31 PM EST = +56; signal line is +21

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