Sunday, July 2, 2017


Keybot the Quant remains short. The stock market is stumbling sideways. Note that UTIL came down to close with a 706-handle as the Keybot quant called out ahead of time.

There are a lot of moving parts in the stock market right now. Utilities and volatility (low VIX) pump stocks higher. Semiconductors, retail stocks and commodities pull the stock market lower. Market bears need either UTIL under 706 and/or VIX above 11.59 to guarantee more selling in the stock market.

The bulls need either SOX above 1058.37, RTH above 81.18 and/or GTX above 2222 to create a sustainable upside rally. Copper rallied strong last week so commodities (GTX) should be a major focus this week. If any one of the three parameters turn bullish, and the SPX moves above 2433, Keybot the Quant will likely flip to the long side.

Keybot prints one pre-scheduled number this week on Friday morning. As the new week of trading begins, bears cheer for UTIL 706 and VIX 11.59 while bulls cheer for SOX 1058, RTH 81.18 and GTX 2222.

The Monday trading session is shortened with a close at  1 PM EST instead of 4 PM EST and US markets are closed Tuesday for Independence Day. Trading will resume on Wednesday morning.

7/9/17; 7:00 PM EST =
7/7/17; 9:00 AM EST =
7/2/17; 7:00 PM EST EOM EOQ2 EOH1 = +54; signal line is +61
6/30/17; 10:00 AM EST = +54; signal line is +62

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