Tuesday, September 6, 2016


Keybot the Quant remains short with the algo number and signal line dead even at +66. Keybot's internal parameters did not latch so the algo remains short. Flip a coin. Note how in the last couple minutes of trading, RTH jumps above Keybot's target as well as the SPX. Isn't it amazing the algo can call that out a couple days in advance?

Watch and listen for any news on retail stocks. The algo is tracking RTH 79.49 as the bull-bear line in the sand.  Price is at 79.57. Market bears need to push RTH under 79.49 pronto to prove that stocks will drift lower going forward. Bulls need to maintain RTH above 79.49 and also push copper and commodities higher to continue an upside rally.

For the SPX starting at 2186, the bulls need any smidge of green in the overnight S&P futures and the SPX will rally several points higher out of the gate. The bears need to push below 2175 to accelerate the downside. A move through 2176-2185 is sideways action for Wednesday. The markets are a knock-down drag-out bull-bear struggle.

9/11/16; 7:00 PM EST =
9/6/16; 3:52 PM EST = +66; signal line is +66 but algorithm remains short
9/4/16; 7:00 PM EST = +50; signal line is +66

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