Wednesday, February 1, 2017


Keybot the Quant remains short. The market drama continues. The SPX gapped-up so the model held off for the long side then retail stocks and utes quickly collapsed. The whippy choppy market action continues. UTIL fell like a rock to test, and fail, at the 655.00 level, but then recovered back above. The bears need to push UTIL under 655 which will trigger downside selling for the broad indexes.

The bulls  need to keep UTIL above 655 (now at 656) and try to push it above 665 to gain upside strength. Bulls will also benefit if they can push RTH above 76.55 (now at 76.28). So watch UTIL 655 like a hawk at the Thursday opening bell.

For the SPX on Thursday starting at 2280, the bulls need to move above 2289 to accelerate the upside which will target 2300 quickly. The bears need to push under 2272 to accelerate the downside and be in the mid 2260's so fast your head will spin. A move through 2273-2288 is sideways action for Thursday. Markets remain erratic and wild; keep your head down.

UTIL 655 and RTH 76.55 will tell you what you need to know for Thursday. If RTH moves above 76.55 or UTIL above 665, and the SPX moves above 2289, Keybot will likely flip long. Every day is a circus.

2/5/17; 7:00 PM EST =
2/3/17; 9:00 AM EST =
2/1/17; 12:59 PM EST = +68; signal line is +77
2/1/17; 12:48 PM EST = +52; signal line is +77
2/1/17; 9:39 AM EST = +68; signal line is +79
2/1/17; 9:36 AM EST = +84; signal line is +79 but algorithm remains short
1/31/17; 7:00 PM EST EOM = +100; signal line is +80 but algorithm remains short

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