Sunday, September 14, 2014


Keybot the Quant is short to begin the new week of trading. As explained in the previous message, UTIL 550 is a key bull-bear line in the sand for all of this week. If UTIL remains under 550 (now at 549.64), equities leak lower. If UTIL moves above 550, equities move higher. VIX 12.36 is important. The broad indexes will remains weak as long as VIX stays above 12.36. The algo is next tracking semiconductors as a key market driver and identifying SOX 631.50 as a key bull-bear line in the sand. SOX is near 640 well above the danger line.

For the SPX starting at 1986, the bulls need to touch the 1997 handle to regain their mojo. This may prove difficult so instead bulls will focus on pushing utilities and semi's higher and volatility lower. The bears need to push the SPX under 1980 to accelerate the downside which will print at the 1973 support in quick order. A move through 1981-1996 is sideways action for Monday. The bears are driving the bus. Watch UTIL 550 in the opening minutes. Keybot prints one pre-scheduled number this week on Thursday morning.

9/21/14; 7:00 PM EST =
9/18/14; 9:00 AM EST =
9/14/14; 7:00 PM EST = +42; signal line is +52
9/12/14; 10:00 AM EST = +42; signal line is +53

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