Tuesday, February 7, 2017


Keybot the Quant remains short as the sideways choppy slop continues. Markets remain a crap shoot. The algo number is only one measly point under the signal line clearly illustrating that a knock-down, drag-out bull-bear battle continues. Flip a coin.

The algo identifies retail stocks, utes and commodities as the three key areas most impacting stock market price direction currently. The bears need UTIL under 662 (now at 663) and/or GTX under 2354 (now at 2372). If either parameter fails, the bears are in good shape and the stock market will begin trailing lower.

The bulls need UTIL above 666 (now at 663) and/or RTH above 76.52 (now at 76.29) to prove that up is the direction ahead for the stock market. If one of the two parameters turns bullish, and the SPX moves above 2299, Keybot will likely flip long, hence the imminent turn notation is in play.

For the SPX starting at 2293, the bulls need to push above 2299 and bingo, the S&P 500 will run firmly above 2300 in a heartbeat. The bears need to push under 2290 to accelerate the downside. A move through 2291-2298 is sideways action.

Bulls need higher retail stocks and utilities. Bears need lower utilities and commodities. RTH 76.52, UTIL 666, UTIL 662 and SPX 2299 will tell the stock market direction story for hump day.

2/12/17; 7:00 PM EST =
2/10/17; 10:00 AM EST =
2/7/17; 2:09 PM EST = +68; signal line is +69
2/7/17; 1:58 PM EST = +52; signal line is +70
2/7/17; 1:17 PM EST = +68; signal line is +71
2/6/17; 1:45 PM EST = +52; signal line is +71

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