Wednesday, June 29, 2016

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant flips back to the long side at SPX 2053 after the opening bell. Retail stocks and chips head higher creating more bull fuel. Stocks explode higher. Bank stress test results are key after the bell since XLF above 22.75 will create more stock market upside. VIX under 16.17 will also create more bull fuel. Bears need SOX under 676.80 and/or RTH under 75.96 to stop the market rally.

The last trade is flat. Both the algorithm program and actual trading are dead flat going short at SPX 2053-2054 and now going long at 2053-2054. Expect more choppy sideways slop and do not be surprised if a downside whipsaw occurs. The bulls are in control with the algo number 23 points above the signal line. Watch SOX 676.80 since that will likely hint that the rally is over if it fails. The banks after the bell are very important since they will send the XLF either wildly higher, or lower, and take the broad market in that direction.

7/3/16; 7:00 PM EST =
6/30/16; 7:00 PM EST EOM =
6/29/16; 1:29 PM EST = +68; signal line is +45
6/29/16; 1:11 PM EST = +52; signal line is +44
6/29/16; 12:12 PM EST = +68; signal line is +44
6/29/16; 9:36 AM EST = +52; signal line is +43; go long 2053; (Benchmark SPX for 2016 = +0.4%)(Keybot algo this trade = +0.0%; Keybot algo for 2016 = +5.6%)(Actual results this trade = -0.0%; Actual results for 2016 = +11.0%)
6/28/16; 2:57 PM EST = +36; signal line is +43
6/28/16; 10:00 AM EST = +22; signal line is +43
6/28/16; 9:36 AM EST = +19; signal line is +45
6/27/16; 9:37 AM EST = +5; signal line is +46
6/27/16; 9:36 AM EST = +19; signal line is +49
6/26/16; 7:00 PM EST = +33; signal line is +51
6/24/16; 3:59 PM EST = +33; signal line is +53
6/24/16; 3:48 PM EST = +49; signal line is +55
6/24/16; 3:19 PM EST = +33; signal line is +56
6/24/16; 2:57 PM EST = +49; signal line is +58
6/24/16; 2:37 PM EST = +33; signal line is +59
6/24/16; 11:26 AM EST = +49; signal line is +60; go short 2054; (Benchmark SPX for 2016 = +0.5%)(Keybot algo this trade = -2.1%; Keybot algo for 2016 = +5.6%)(Actual results this trade = -4.2%; Actual results for 2016 = +11.0%)

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