Keybot the Quant remains short as the sideways chop continues. The algo prints five numbers today. Same old story. Bulls need either UTIL above 662 and/or RTH above 76.53 to create an upside move in the stock markets. If both turn bullish, and the SPX moves above 2296, Keybot may flip long. if one of the two parameters turn bullish, consider the imminent turn to be in play.
The bears need to push commodities, GTX, under 2354, now at 2389, to create more downside action in the broad stock market. Lower copper and higher volatility will also help bears.
For the SPX starting at 2293, the bulls need to move above 2296 to accelerate the S&P 500 to 2300 in a flash. The bears need to push below 2289 to accelerate the downside. A move through 2290-2295 is sideways action for Tuesday. Watch UTIL 662, RTH 76.53 and SPX 2296 on Tuesday.
2/12/17;
7:00 PM EST =
2/10/17;
10:00 AM EST =
2/6/17; 1:45 PM EST =
+52; signal line is +71
2/6/17; 12:31 PM EST
= +68; signal line is +72
2/6/17; 11:25 AM EST
= +52; signal line is +72
2/6/17; 11:18 AM EST
= +68; signal line is +73
2/6/17; 9:53 AM EST =
+52; signal line is +73
2/5/17;
7:00 PM EST = +68; signal line is +74
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