Wednesday, April 19, 2017


Keybot the Quant is on the short side with the algo printing only one number thus far this week in addition to the pre-scheduled number yesterday morning. Semiconductors and commodities are controlling broad stock market direction currently. Watch SOX 979.20 now at 976.67 creating bearishness in the stock market. A move above 979.20 verifies that the market bulls are staging a comeback rally.

The bulls will likely need both SOX above 979.20 and the GTX above 2331.20 to flip Keybot long. GTX is at 2327.19 currently. Both the chips and commodities are very near their critical bull-bear lines in the sand so the bulls can create a strong rally if both flip bullish. Consider the imminent turn to be in play and a likely move back to the long side for Keybot if the two parameters flip bullish.

Market bears need to keep SOX below 979.20 and GTX under  2331.20 and they will be fine. If the VIX drops below 12, the stock market will be running strongly higher.

The market bears are in charge with the algo number 29 points below the signal line but SOX and GTX will tell the story today.

4/23/17; 7:00 PM EST =
4/18/17; 11:27 AM EST = +24; signal line is +53
4/18/17; 9:00 AM EST = +38; signal line is +54
4/16/17; 7:00 PM EST = +38; signal line is +55
4/13/17; 10:00 AM EST = +38; signal line is +56
4/12/17; 9:36 AM EST = +38; signal line is +56

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