Saturday, September 13, 2014


Keybot the Quant remains bearish. The bears ride the higher volatility into the weekend sending markets lower. The bulls maintain a bid in financials preventing a market collapse.

UTIL closes at 549.64 under the 550 level that the algorithm is targeting for all of next week and called out one week ago. Isn't it astounding how Keybot can identify these key numbers before they occur? Since UTIL closes under 550 it will begin the new week in bear territory (as dictated by the algorithm) creating market negativity and another leg lower for stocks. If UTIL recovers above 550 at the opening bell that will tell you that stocks will recover. Utilities and volatility are key on Monday and semi's are moving up in the algo's current hierarchy. The imminent turn notation is removed since UTIL is on the bear side come Monday morning but if utes bounce at the opening bell the imminent turn notation will return since the bulls will be pushing the SPX higher.

Other areas and levels of interest important for Monday can be identified once the Sunday pre-scheduled number prints tomorrow.

9/14/14; 7:00 PM EST =
9/12/14; 10:00 AM EST = +42; signal line is +53

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