Friday, September 26, 2014


Keybot the Quant remains short printing one number and the pre-scheduled number to begin the Friday session. The algo wants to flip to the long side but the internal parameters will not latch to allow the move. Equities may stumble sideways today into the weekend to take a rest and assess the path ahead.

Semiconductors recover strongly fed by MU earnings last evening sticking a thumb in the bear's eye with SOX moving higher. Keep watching the XLF 23.03 bull-bear line in the sand. XLF is at 23.19 on the bull side creating market lift. Equities will take a strong leg lower if XLF 23.03 fails. Watch the UTIL 566.46 level as the day draws to a close as described previously. If UTIL finishes under 566 today this will create market weakness come Monday. The UTIL 566.46 bull-bear line in the sand is in play for all of next week. The bulls are currently enjoying a relief bounce after yesterday's drubbing.

9/28/14; 7:00 PM EST =
9/26/14; 10:00 AM EST = +43; signal line is +38 but algorithm remains short
9/26/14; 9:36 AM EST = +42; signal line is +39 but algorithm remains short
9/25/14; 3:59 PM EST = +26; signal line is +39

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