Monday, October 6, 2014


Keybot the Quant remains long after an odd erratic day of trading. The NYA is at 10648 only 10 points above the important 10638 bull-bear line in the sand. XLF is 23.21 above the 23.08 bull-bear line in the sand so both the NYA Index and financials are keeping the stock market elevated at this point in time. For Tuesday, the bears need to turn NYA or XLF bearish to receive downside juice, otherwise, they got nothing. If one of these two parameters turn bearish, and the SPX drops under 1958, and stays under, Keybot will likely flip short, so the imminent turn notation is in the title line. If NYA and XLF stay bullish, the stock market will continue floating higher.

For the SPX starting at 1965, the bulls need to touch the 1978 handle, 13 points higher, to accelerate the upside. The bears need to push under 1958, 7 points lower, to accelerate the downside. A move through 1959-1977 is sideways action for Tuesday. The bulls are driving the bus but it is careening down the boulevard out of control running over trash cans, sideswiping cars and jumping curbs. NYA 10638 and XLF 23.08 tells you the market answer tomorrow.

10/12/14; 7:00 PM EST =
10/6/14; 1:23 PM EST = +7; signal line is +0

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