Sunday, June 19, 2016


Keybot the Quant remains short moving into the new week of trading. The algorithm was very quiet last week idling along without printing any numbers unimpressed with the price action. Bears are in control with the algo number 26 points under the signal line. The bears need lower chips, SOX under 675, if they plan to take the stock market lower. The bulls need RTH above 76.10 to stop the downside in equities and begin a strong relief rally. XLF above 23.00 will guarantee the bulls a strong move higher in markets. If status quo remains with semiconductors bullish and retail stocks and banks bearish, the stock market will stagger along in a choppy sideways pattern.

For the SPX starting at 2072, the bulls need to push above 2078 to accelerate the upside. The bears need to push under 2063 to accelerate the downside. A move through 2064-2077 is sideways action to begin the new week of trading. Keybot prints one pre-scheduled number this week on Friday morning.

6/26/16; 7:00 PM EST =
6/24/16; 10:00 AM EST =
6/19/16; 7:00 PM EST = +34; signal line is +60
6/17/16; 9:00 AM EST = +34; signal line is +61

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