Thursday, September 25, 2014

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short. The algo is very active in the Thursday session printing seven numbers. Semiconductors, financials and utilities are controlling market direction. Watch SOX 635.93 (now at 635.42 causing bearishness), XLF 23.03 (now at 23.07 causing bullishness) and UTIL 566.46. UTIL is at 546 well under the 566.46 which will be in play every day next week but it does not become important until the closing bell Friday at 4 PM. If UTIL finishes under 566, this will create further market negativity come Monday morning. The movement in SOX and XLF at the opening bell in respect to the levels identified by the algo and listed above will dictate market direction for Friday.

For the SPX starting at 1966 closing at the lows, the bears only need to see a smidge of red in the S&P futures overnight and the downside will accelerate further. The bulls will focus on keeping the overnight futures positive and pushing semiconductors and financials higher after the opening bell to stop the market bleeding. A move through 1967-1996 is sideways action to end the week. The bears are driving the bus. Keybot prints a pre-scheduled number tomorrow one-half hour after the opening bell.

9/28/14; 7:00 PM EST =
9/26/14; 10:00 AM EST =
9/25/14; 3:59 PM EST = +26; signal line is +39
9/25/14; 3:41 PM EST = +42; signal line is +40 but algorithm remains short
9/25/14; 3:28 PM EST = +26; signal line is +40
9/25/14; 2:42 PM EST = +42; signal line is +41 but algorithm remains short
9/25/14; 1:47 PM EST = +26; signal line is +41
9/25/14; 1:17 PM EST = +42; signal line is +42 but algorithm remains short
9/25/14; 12:02 PM EST = +26; signal line is +41
9/22/14; 9:36 AM EST = +42; signal line is +42; go short 2004; (Benchmark SPX for 2014 = +8.4%)(Keybot this trade = -0.1%; Keybot for 2014 = +8.0%)(Actual this trade = +0.0%; Actual for 2014 = +9.3%)

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