Tuesday, August 11, 2015

STOCK MARKET BULLISH -- LONG -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains long moving into the Tuesday session. The algo is very active to begin the week printing nine numbers in Monday trading. Keybot is champing at the bit to go short (the algo number is below the signal line), however, internal programming rules will not yet fully latch to permit the move to the bear side. If the SPX drops under 2081, or, if the VIX moves above 13.60, Keybot will likely immediately flip short. Bulls need UTIL above 587.61 and above 590.04 which will create upside strength in stocks and help the bulls recover. Bears must keep UTIL under 587.61 while raising volatility.

For the SPX starting at 2104, the bulls only need one point higher, to push above 2105 and price will accelerate to 2110 in quick order. The bears need to push under 2081, a formidable task, so instead bears will focus on pushing utilities lower and volatility higher. A move through 2082-2104 is sideways action. S&P futures are -9 about two hours before the opening bell.

8/16/15; 7:00 PM EST =
8/14/15; 10:00 AM EST =
8/10/15; 2:53 PM EST = +3; signal line is +11 but algorithm remains long
8/10/15; 2:43 PM EST = +19; signal line is +11
8/10/15; 1:39 PM EST = +3; signal line is +10 but algorithm remains long
8/10/15; 12:21 PM EST = +19; signal line is +10
8/10/15; 11:47 AM EST = +35; signal line is +10
8/10/15; 11:31 AM EST = +19; signal line is +9
8/10/15; 11:21 AM EST = +35; signal line is +8
8/10/15; 11:08 AM EST = +19; signal line is +7
8/10/15; 9:36 AM EST = +35; signal line is +7
8/9/15; 7:00 PM EST = +19; signal line is +7

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.