Sunday, January 10, 2016


Keybot the Quant is short moving into the new week of trading. The bears remain in control with the algo number 11 points below the signal line but the bulls keep threatening to take over control. Utilities are the key parameter for broad market direction at Monday's openign bell. Bulls win above UTIL 579.06 and the stock market will begin a recovery rally. Bears win big under 577.26 since this failure will send stocks into free fall. UTIL begins at 578.82.

For the SPX starting at 1922, the bears need to push below 1918, four points lower, and boom, stocks will collapse towards 1910 in a heartbeat. The bulls need to push the SPX above 1960 to regain their mojo, a formidable task, so instead, bulls will focus on pushing utilities higher. A move through 1919-1959 is sideways action to begin the week. Keybot prints one pre-scheduled number this week on Friday morning.

1/17/16; 7:00 PM EST =
1/15/16; 10:00 AM EST =
1/10/16; 7:00 PM EST = -40; signal line is -29
1/8/16; 3:53 PM EST = -40; signal line is -29

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