Friday, July 28, 2017


Keybot the Quant remains bullish heading into the Friday session to end the week. Keybot prints a pre-scheduled number shortly after the opening bell. The algo has not printed any numbers this week since Tuesday and sits at the maximum +100 level. These are historic market times.

The bears need higher volatility to set a firm path lower for the stock market. The bears need VIX above 11.33 (now at 10.94 only 39 pennies away) and the stock market will begin dropping like a stone. If VIX remains under 11.33, the stock market will stabilize and move sideways with an upside bias.

Bears will also benefit from GTX under 2205, SOX under 1075 and XLF under 24.40; lower commodities, chips and banks, respectively. The bears likely need the VIX to turn bearish and at least one of the three parameters in this paragraph to turn bearish for the algo to flip to the short side. If VIX moves above 11.33, consider the caution flag to be out and then watch these three parameters to gauge how much downside juice the bears have. If these three parameters remain bullish, the bears got nothing.

7/30/17; 7:00 PM EST =
7/28/17; 10:00 AM EST =
7/25/17; 11:48 AM EST = +100; signal line is +66

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