Sunday, August 31, 2014


Keybot the Quant is long going into the Tuesday morning opening bell; the first trading day of the week for the States. Copper and volatility remain the market drivers. The bulls need JJC above 38.77 to claim victory moving forward. The bears need VIX above 12.53 to claim victory. If the status quo remains, the stock market drifts sideways with an upward bias. One of these two will flinch; bulls win with higher copper; bears win with higher volatility.

For the SPX starting at 2003 on Tuesday morning, the bulls only need a smidge of green in the overnight futures and the move to 2010 should occur quickly. The bears need to push under 1995 to accelerate the downside to 1990-1991 in quick order. A move through 1996-2003 is sideways action for Tuesday.

Since US markets are closed on Monday, watch copper trading since it will likely dictate broad market direction come Tuesday. Markets remain dicey as evidenced by the narrow three point difference between the algo number and signal line. If the VIX moves above 12.53, and the SPX prints under 1995, Keybot will likely flip shortKeybot prints one pre-scheduled number this week on Friday morning.

9/7/14; 7:00 PM EST =
9/5/14; 9:00 AM EST =
8/31/14; 7:00 PM EST EOM = +54; signal line is +51
8/29/14; 10:00 AM EST = +54; signal line is +51

No comments:

Post a Comment

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