Tuesday, March 21, 2017


Keybot the Quant remains short. The bears showed up to play today and are bludgeoning the bulls. You saw copper down strongly overnight into the opening bell so you knew the gain of 6 points in the S&P futures did not mean anything. Copper started the ball rolling down hill and retail stocks, financials and volatility are crushing stocks lower.

The bulls need to send the VIX back below 11.92 as quick as possible to stop the market selling. Bulls can also stop the market selling by pushing XLF, the banks, above 24.04. The bears are growling. Focus on the price action around VIX 11.92 and XLF 24.04 since this will dictate broad stock market direction.

3/26/17; 7:00 PM EST =
3/21/17; 11:10 AM EST = +24; signal line is +78
3/21/17; 10:59 AM EST = +38; signal line is +81
3/21/17; 10:20 AM EST = +54; signal line is +83
3/21/17; 9:36 AM EST = +70; signal line is +84
3/20/17; 3:55 PM EST = +86; signal line is +85 but algorithm remains short

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