Wednesday, September 24, 2014


Keybot the Quant remains short and the algo motors along without printing any numbers since the model flipped short on Monday. The algo number and signal line are both at +42 indicating the ongoing bull-bear fight for control. The bulls need lower volatility to stop the market selling. The bears need lower semi's and/or utilities to create more selling. The bulls need VIX under 12.39. The bears need either UTIL under 542.42 and/or SOX under 636.20. If the three parameters remain status quo, in their respective bear and bull camps, then equities float along sideways.

For the SPX starting at 1983, closing at the lows, the bears only need a smidge of negativity in the futures and price will seek the low to mid 1970's quickly. S&P futures point to a flat to higher start about four hours before the opening bell. The bulls need to push the SPX above 1995 to signal the all-clear for upside again. A move through 1984-1994 is sideways action. Keep a close eye on semiconductors.

9/26/14; 10:00 AM EST =
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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