Keybot the Quant remains bullish after printing a couple of numbers in the Tuesday session. The bulls remain in control with the algo number 22 points above the signal line. Note how UTIL dropped to 697 but bounced. The bears needed that to fail.
The bears need either UTIL under 697.28, JJC under 29.81 and/or VIX above 11.56 to create downside selling pressure in the stock market. Any one parameter flipping bearish will halt any upside rally in stocks. The model likely needs to see 2 of the 3 to flip bearish for Keybot to flip bearish.
7/14/17;
10:00 AM EST =
7/11/17; 11:40 AM EST
= +70; signal line is +48
7/11/17; 11:24 AM EST
= +56; signal line is +48
7/10/17;
9:36 AM EST = +70; signal line is +48; go long 2425; (Benchmark SPX for
2017 = +8.3%)(Keybot algo this trade = +0.7%; Keybot algo for 2017 = +2.2%)(Actual
results this trade = +1.3%; Actual results for 2017 = +0.7%)
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