Monday, June 29, 2015

STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains short as the bears came to play today pushing stocks strongly lower. Retail stocks failed as well as financials creating negativity. Also the NYA Index. Bears will receive additional downside fuel if the SPX drops under 2038. The bulls will stop the market selling with either NYA 10895 and/or XLF 24.60. The bears are cruising but anything can happen. The NYA and XLF levels will directly gauge the strength of any relief rally.

For the SPX starting at 2058 on Tuesday, the bears need to push under 2057 to accelerate the downside so watch to see if any negativity appears in the S&P futures. The bulls need to recover today's loss to regain their mojo, a formidable task, so instead the bulls will try and push the NYA Index and financials higher to stop the market selling.

7/2/15; 9:00 AM EST =
6/30/15; 7:00 PM EST; EOM; EOQ2; EOH1 =
6/30/15; 10:00 AM EST =
6/29/15; 11:07 AM EST = -41; signal line is +10
6/29/15; 10:22 AM EST = -27; signal line is +11
6/29/15; 9:36 AM EST = -11; signal line is +12
6/28/15; 7:00 PM EST = +5; signal line is +12

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.