Sunday, September 11, 2016


Keybot the Quant remains short moving into the new week of trading. UTIL 672.35 is a key bull-bear level that is in play for the entire week so monitor this level closely. Bears have the edge as long as utilities remain below 672.35 in the bear camp. The bears need lower semiconductors, SOX under 764.90 (now at 768.37) to create another substantive down leg in the stock market.

Bulls need UTIL above 672.35 to stop the market selling. Also, GTX above 2262 and/or VIX under 14.53 will help the bulls recover. Pay the closest attention to UTIL 672.35 as the week begins.

For the SPX starting at 2128, the bears need any smidge of negativity in the S&P futures overnight and the SPX price will move several handles lower after the opening bell. The market bulls need to recover Friday's losses to get their mojo back, a formidable task, so instead bulls will focus on pushing utes higher, chips higher, commodities higher and volatility lower. A move through SPX 2129-2168 is considered sideways action to begin the week.

The bears are in control with the algo number 19 points under the signal line. This spread will increase (more bear-friendly) after Monday's opening bell due to UTIL under 672.35. Keybot prints one pre-scheduled number this week on Friday morning shortly after the opening bell.

9/18/16; 7:00 PM EST =
9/16/16; 10:00 AM EST =
9/11/16; 7:00 PM EST = +36; signal line is +55
9/9/16; 11:44 AM EST = +36; signal line is +57

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