Sunday, May 22, 2016


Keybot the Quant is long going into the new week of trading. The market bulls need RTH above 75.73 to prove they can rally the stock market higher so listen for news on retail stocks. The bears need to push either SOX under 650 and/or XLF under 22.80 to regain control of the stock market. If retail stocks remain bearish, and chips and banks bullish, then stocks will stagger sideways with a slight upward bias.

For the SPX starting at 2052, the bulls need to push above 2058 to accelerate the upside well into the 2060's. The bears need to push under 2042 to regain their downside mojo. A move through 2043-2057 is sideways action to begin the week. Keybot prints one pre-scheduled number this week on Friday morning shortly after the opening bell. The bulls have the ball; retail stocks will determine if they can run down the field. Watch copper as well since a boost in copper would signal that the bulls have further oomph.

5/29/16; 7:00 PM EST =
5/27/16; 10:00 AM EST =
5/22/16; 7:00 PM EST = +63; signal line is +57
5/20/16; 9:52 AM EST = +63; signal line is +57; go long 2054; (Benchmark SPX for 2016 = +0.5%)(Keybot algo this trade = -0.0%; Keybot algo for 2016 = +6.9%)(Actual results this trade = -0.9%; Actual results for 2016 = +12.3%)

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