Monday, June 29, 2015

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant is short to begin the new week of trading. Greece fails to reach a bailout agreement so there is downside pressure in stocks. The bears need to push retail stocks lower by pushing RTH under 76.00 to gain more downside juice.  The bulls need to push either VIX under 13.73 or GTX above 3219 to stop the market selling.

For the SPX starting the week at 2101, the bulls need to touch the 2109 handle to accelerate the upside but this is not on tap for the open. The bears need to push under 2095 to accelerate the downside. S&P futures are down about 21 points so the SPX 2095 should fail in the opening minute or two. Price will seek support at 2091, 2086 and then the 2072-2081 zone if the upper levels fail. Keybot prints three pre-scheduled numbers this week during a four-day trading week. Markets are closed on Friday for the July 4th holiday.

7/5/15; 7:00 PM EST =
7/2/15; 9:00 AM EST =
6/30/15; 7:00 PM EST; EOM; EOQ2; EOH1 =
6/30/15; 10:00 AM EST =
6/28/15; 7:00 PM EST = +5; signal line is +12
6/26/15; 10:00 AM EST = +5; signal line is +12

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