Keybot the Quant remains long as stock
indexes continue printing record all-time highs. The algo
has been idling sideways all week thus far but starting at lunch time today
goes wild printing seven numbers. The
pre-scheduled number printed before the opening bell. It is always interesting
to see Keybot sleeping and not printing numbers and then all of a sudden
begin printing numbers like a madman.
The bulls remain
in control with the algo number 27 points above the signal line. Note
the +100 print which is maxed out to the upside. The bullish euphoria does not get any
better than a +100.
Everything is going the bull's
way and RTH above 80.68 (now at 80.55) will continue sending stocks into
the stratosphere. It is all about retail stocks on Thursday.
The market bears need RTH to remain under 80.68, GTX to move under
2207.08 (now at 2209.02), XLF under 24.32 and/or VIX
above 11.44. Keybot likely wants to see at least 2 of the three (GTX, XLF and
VIX) parameters to turn bearish to flip the model short.
Retail stocks and commodities rule the roost. Bulls win with higher retail stocks. Bears win with lower commodities. The beat goes on.
Retail stocks and commodities rule the roost. Bulls win with higher retail stocks. Bears win with lower commodities. The beat goes on.
7/23/17; 7:00 PM EST =
7/19/17; 2:47 PM EST = +84; signal line is +57
7/19/17; 1:57 AM EST = +100; signal line is +55
7/19/17; 1:47 PM EST = +86; signal line is +53
7/19/17; 1:37 PM EST = +70; signal line is +52
7/19/17; 1:13 PM EST = +86; signal line is +52
7/19/17; 12:31 PM EST = +70; signal line is +50
7/19/17; 11:52 AM EST = +86; signal line is +49
7/19/17; 9:00 AM EST = +70; signal line is +49
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.