Sunday, March 25, 2018

STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains short with the algo number 39 points below the signal line. The bulls were bludgeoned on Friday. Markets are closed for Good Friday in the holiday-shortened week ahead. Easter is next Sunday. Today is Palm Sunday for Catholics.

Stocks fell apart last week. SPX 2558 is key; it is a cliff-edge for the stock market. If the S&P 500 fails at 2558 (now 30 points above at 2588), it is lights out for equities; the stock market will go into free fall. Market bulls must keep price above 2558 by all means necessary.

The bulls will signal an end to the downside selling if either SOX moves above 1358 (now at 1324) and/or NYA above 12405 (now at 12177).

If SPX remains above 2558 and SOX below 1358 and NYA below 12405, markets will likely chop erratically sideways. The bears are running the show.

Watch SPX 2558 since it would open the door to a Pandora's Box of horrific downside and bloody carnage. Bulls can live to fight another day as long as they keep the S&P 500 above 2558.

Keybot prints two pre-scheduled numbers this week one on Tuesday the other Thursday. The EOM (end-of-month) and EOQ1 (end-of-first quarter (J-F-M)) is Thursday since US markets are closed on Friday. April trading will begin on Monday, 4/2/18.

4/1/18; 7:00 PM EST EOM EOQ1 =
3/29/18; 10:00 AM EST =
3/27/18; 10:00 AM EST =
3/25/18; 7:00 PM EST = -24; signal line is +15
3/23/18; 11:11 AM EST = -24; signal line is +17
3/23/18; 10:06 AM EST = -10; signal line is +19
3/23/18; 9:49 AM EST = -24; signal line is +20
3/23/18; 9:40 AM EST = -10; signal line is +22
3/23/18; 9:36 AM EST = +6; signal line is +23
3/22/18; 3:51 PM EST = -8; signal line is +23
3/21/18; 3:59 PM EST = +6; signal line is +24
3/21/18; 11:48 AM EST = +22; signal line is +24
3/21/18; 9:54 AM EST = +6; signal line is +23
3/20/18; 2:34 PM EST = +22; signal line is +24

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.