Keybot the Quant is long moving into the new week of trading. The stock market remains bifurcated with parameters either all in on the bull side or all in on the bear side. In general, bulls need higher utilities, copper and commodities to sustain an upside rally. Bears need higher volatility and weaker retail and financial stocks.
For the SPX starting at 2090, the bulls need only three positive points, to push above 2093 and price will run to 2100 in quick order. The bears need to push under 2084, about six points lower, to immediately accelerate price lower into the 2070's. A move through 2085-2092 is sideways action to begin the week. Keybot prints a pre-scheduled number to close out the month tomorrow evening and also a number on Friday morning. The bulls remain in control.
12/6/15;
7:00 PM EST =
12/4/15;
9:00 AM EST =
11/30/15;
7:00 PM EST EOM =
11/29/15; 7:00 PM EST
= +17; signal line is -11
11/25/15;
10:00 AM EST = +17; signal line is -11
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