Wednesday, December 2, 2015


Keybot the Quant remains long idling along without printing any numbers this week thus far except for the pre-scheduled EOM number on Monday evening. The bulls are cruising with the algo number 27 points above the signal line.

Markets are in limbo ahead of the important ECB decision tomorrow morning followed by the OPEC oil meeting and US Monthly Jobs Report on Friday morning.

The stock market remains bifurcated with a firm camp of bullish parameters fighting a firm camp of bearish indicators. Equities can only move higher with gains in utilities, copper, commodities and the NYA Index. If these parameters remain weak, the upside rally should stall. Bears need higher  volatility or they got nothing.

For the SPX starting Wednesday at 2103, the bulls need any smidge of positivity in S&P futures and the SPX will accelerate higher towards 2110 after the opening bell. S&P futures are +3 three hours before the opening bell. The bears need to push under 2083 to accelerate the downside, a formidable task, so instead bears will simply focus on pushing volatility higher to stop the upside rally. A move through 2084-2102 is sideways action.

12/6/15; 7:00 PM EST =
12/4/15; 9:00 AM EST =
11/30/15; 7:00 PM EST EOM = +17; signal line is -10
11/29/15; 7:00 PM EST = +17; signal line is -11

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