Tuesday, September 30, 2014


Keybot the Quant remains short as the stock market opens higher, then drops, then recovers now printing the highs of the day, punching up through SPX 1981 and price making a run towards the 1985-1988 resistance. The pre-scheduled number surprisingly drops the algo number four points to +23. Note how utilities are the outperforming sector today. The bulls know they must push UTIL above 566.46 this week to regain their mojo. UTIL is now printing 557. VIX drops to 15.31 so lower volatility sends stocks higher. The bears need lower utes, higher volatility and XLF to move under 23.06 to create a strong leg lower. Bulls will recover and create an extended relief rally if UTIL moves above 566.46 or if VIX drops under 12.45.

9/30/14; 7:00 PM EST EOM =
9/30/14; 10:00 AM EST = +23; signal line is +37
9/29/14; 9:36 AM EST = +27; signal line is +38

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