Sunday, July 16, 2017

STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long as the new week of trading begins. The bulls need either GTX above 2209 and/or RTH above 80.74 to verify that more stock market all-time highs are ahead. Bulls are cheering for higher commodities and retail stocks.

The market bears need JJC under 29.80, UTIL under 699.22 and/or VIX above 11.52. Bears likely need 2 of the 3 to turn bearish for Keybot to want to flip to the short side. Keybot prints one pre-scheduled number this week on Wednesday morning before the opening bell. The bulls are running the show unless copper drops, utilities retreat or if volatility spikes higher.

7/23/17; 7:00 PM EST =
7/19/17; 9:00 AM EST =
7/16/17; 7:00 PM EST = +70; signal line is +48
7/14/17; 10:00 AM EST = +70; signal line is +48

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.