Keybot the Quant remains bearish moving into the Friday session. The bears are in firm control with the algo number 59 points under the signal line. Bears need lower semiconductors and financials. Bulls need lower volatility. Bears will take stocks another leg lower if SOX loses the 647.90 level which is less than a couple points away. Bulls will stop the market selling and create a rally if the VIX drops under 18.18. Bulls will recover strongly higher if the SPX moves above 2050.
For the SPX starting at 2046, the bears only need a smidge of negativity in the S&P futures, which is occurring as this is typed a couple hours before the opening bell, and a downside acceleration will occur into the 2030's. The bulls need to recover to 2072 to regain their mojo into the weekend, a formidable task, so instead the bulls will focus on pushing volatility lower and the SPX, chips, retail and financial stocks higher. A move through 2047-2071 is sideways action to end the week. Keybot prints a pre-scheduled number one-half hour after the opening bell.
11/15/15;
7:00 PM EST =
11/13/15;
10:00 AM EST =
11/12/15; 3:59 PM EST
= -25; signal line is +34
11/12/15; 3:47 PM EST
= -11; signal line is +35
11/11/15;
3:05 PM EST = +3; signal line is +37
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