Thursday, July 6, 2017


Keybot the Quant remains short as stocks drop after volatility gave up the ghost. The bears are cruising. The jobs report may cause further drama on Friday morning.

The algo is paying attention to copper again. The market bears need JJC under 29.70 (now at 30.11) and the stock market will fall like a rock so keep an eye on copper futures overnight.

The bulls can stop the stock market selling with either VIX below 11.58, UTIL above 705.95, GTX above 2216 and/or SOX above 1052.53. The bulls need lower volatility and higher utilities, commodities and chips. If 2 of the 4 parameters flip bullish, and the SPX moves above 2424, Keybot will  likely flip long.

If the parameters remain status quo, stocks will stagger sideways with a slight downward bias into the weekend. Keybot prints a pre-scheduled number before the opening bell tomorrow morning. The S&P futures will react to the US jobs report at 8:30 AM EST (1:30 PM London; 2:30 PM Frankfurt; 9:30 PM Tokyo).

7/9/17; 7:00 PM EST =
7/7/17; 9:00 AM EST =
7/6/17; 9:36 AM EST = +24; signal line is +57
7/5/17; 10:57 AM EST = +38; signal line is +58

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