Thursday, September 18, 2014


Keybot the Quant is long with volatility and utilities remaining in the bull camp. If UTIL falls under 550, equities will weaken, however, at the closing bell for the week, the UTIL 542.42 level is key for all of next week. Bulls should stay above that which would alleviate any market negativity that may occur on Friday. If UTIL falls under 542.42 in the days ahead, the stock market will be in serious trouble going forward. Volatility remains the key. Bears need VIX above 12.38 or they got nothing (now at 12.03 causing market bullishness).

For Friday with the SPX starting at 2011, the bulls only need one point higher to punch up through the all-time high at 2012.34, and several more handles of upside will print quickly with a smooth ride to 2018. The bears must keep the overnight S&P futures negative to stop the relentless bull rally. After the opening bell, the bears must push the SPX under the 2002-2003 support area and that will create a ceiling in equities and provide breathing room for bears. A move through 2004-2011 is sideways action to end the week. 

9/21/14; 7:00 PM EST =
9/18/14; 9:59 AM EST = +56; signal line is +42

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