Thursday, October 9, 2014


Keybot the Quant remains long as the roller coaster drama continues. The algo prints a number after the opening bell. The market bears are smiling in relief to see the NYA drop under 10638 (the 40-week MA). XLF 23.11 is a key bull-bear line in the sand and look at price zero-in and wrestle there as this message is typed. A failure at XLF 23.11 and the SPX dropping under 1942 would probably create another whipsaw back to the short side as ridiculous as that sounds. There goes XLF 23.11 failing to the downside. See if the failure remains for 7 to 10 minutes.

10/12/14; 7:00 PM EST =
10/9/14; 9:36 AM EST = -7; signal line is -11
10/8/14; 3:49 PM EST = +7; signal line is -10

Note Added 10:02 AM: XLF recovers upwards to tap the critical 23.11 bull-bear line so continue watching to see it fails, or not. Watch NYA 10638 and XLF 23.11-23.12 as the two key rudders steering the market directional ship today.

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