Keybot the Quant remains long. The algo prints one number to begin the week yesterday confirming the bull strength in stocks. Keybot also prints a number this morning before the opening bell which was a pre-scheduled number for this week. Note how the bulls and bears are battling with both the algo number and signal line number at +54 from late last week through Sunday.
Financials rally yesterday slapping the bears in the face. Slap, slap. Market bears need XLF under 23.61 and if this occurs, along with the SPX moving under 2394, Keybot would likely flip short. Bears would also benefit from VIX above 11.75.
Financials rally yesterday slapping the bears in the face. Slap, slap. Market bears need XLF under 23.61 and if this occurs, along with the SPX moving under 2394, Keybot would likely flip short. Bears would also benefit from VIX above 11.75.
Bulls benefit from XLF remaining above 23.61 and VIX under 11.75. Bulls will prove that more upside is on the way if they boost commodities and copper. GTX would need to move above 2286 and/or JJC above 29.43; either would confirm that the stock market will explode higher.
If the banks fail as explained above, stocks will crumble lower. XLF is currently printing at 23.76 which is 15 pennies above the critical bull-bear line in the sand.
If the banks fail as explained above, stocks will crumble lower. XLF is currently printing at 23.76 which is 15 pennies above the critical bull-bear line in the sand.
5/21/17;
7:00 PM EST =
5/16/17; 9:00 AM EST
= +70; signal line is +56
5/15/17; 9:36 AM EST
= +70; signal line is +55
5/14/17; 7:00 PM EST
= +54; signal line is +54 but algorithm remains long
5/12/17; 10:00 AM EST
= +54; signal line is +54 but algorithm remains long
5/12/17; 9:36 AM EST
= +54; signal line is +54 but algorithm remains long
5/11/17;
11:13 AM EST = +70; signal line is +54
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