Sunday, September 18, 2016


Keybot the Quant remains short heading into the new week of trading. Late in Friday trading utilities, UTIL, ran higher to test the 672.35 level that Keybot called out before it happened. UTIL was unable to punch up through and failed the last few minutes into the closing bell. It is astounding that the model is able to identify these levels ahead of time. For the new week ahead, the UTIL 672.35 is no longer applicable and instead the 680.62 level is in play and price begins at 665. Thus, the utes will exert bearishness on the stock market. Bulls will be winning big in the week ahead if UTIL moves above 681.

The algo is tracking financials, copper and volatility as the three most influential parameters impacting broad stock market direction currently. The market bulls win if XLF (banks) moves above 23.76 or if VIX (volatility) drops under 14.50. The market bears win if JJC drops under 24.27 so watch to see how copper trades overnight into Monday.

For the SPX starting at 2139, the bulls need to push above 2146 to accelerate the upside. If XLF pushes above 23.76 and SPX moves above 2146, Keybot will likely flip to the long side, hence the imminent turn notation in the title line. The bears need to push the SPX under 2131 to accelerate the downside. A move through 2132-2145 is sideways action to begin the week.

Keybot prints one pre-scheduled on Tuesday morning but updates will no longer be provided due to lack of support for the site. The KE Stone blogs (Keybot the Quant; Keystone Speculator; Keystone the Scribe) generate huge international interest with thousands of daily followers and continue to increase but the support does not match the strong interest.

9/25/16; 7:00 PM EST =
9/20/16; 9:00 AM EST =
9/18/16; 7:00 PM EST = +19; signal line is +34
9/16/16; 3:59 PM EST = +19; signal line is +35
9/16/16; 3:54 PM EST = +35; signal line is +36
9/16/16; 10:00 AM EST = +19; signal line is +36
9/16/16; 9:36 AM EST = +20; signal line is +37
9/15/16; 10:10 AM EST = +36; signal line is +39

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