Keybot the Quant is long moving into the Monday session. The bulls need either RTH 58.85 and/or JJC 37.50 to signal upside victory ahead and an SPX moving up through the 1891 resistance on the way to 1897-1900 and higher. The bears need either XLF under 21.80, GTX under 4937 and/or VIX above 14.62 to signal downside selling ahead for equities. If all five parameters remain in their respective bull and bear camps the broad indexes will stagger sideways.
For the SPX starting at 1881, the bulls need to move above 1891 to ignite the upside which will launch to 1897-1900 in quick order. The bears need to push under 1879 to accelerate the downside which will tag 1874 in a heartbeat and then price will set its sights on 1868. A move through 1880-1890 is sideways action. S&P futures are dead flat on Sunday evening as this message is typed.
Note that the algo number is only one thin point from the signal line. Markets are at an important inflection point and whichever parameter in the first paragraph flips will dictate market direction. If any one of the three parameters above turn bearish (XLF, GTX or VIX), and the SPX drops under 1879, Keybot will likely flip short. Keybot does not print any pre-scheduled numbers this week.
Note that the algo number is only one thin point from the signal line. Markets are at an important inflection point and whichever parameter in the first paragraph flips will dictate market direction. If any one of the three parameters above turn bearish (XLF, GTX or VIX), and the SPX drops under 1879, Keybot will likely flip short. Keybot does not print any pre-scheduled numbers this week.
5/11/14;
7:00 PM EST =
5/4/14; 7:00 PM EST =
+49; signal line is +48
5/2/14;
10:47 AM EST = +49; signal line is +47
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.