Keybot the Quant remains bearish as the bulls stage a robust relief rally. The semiconductors and banks lead the way higher. SOX pops up through the important 1076 level creating the upside thrust. The bears remain in control with the algo number 16 points below the signal line but the caution flag is out.
Bulls need stronger retail stocks and lower volatility. If RTH moves above 80.69 (now at 80.27) and/or VIX below 11.35 (now at 12.56), stocks will move strongly higher. If one of these two parameters flip bullish, consider the imminent turn to be in play and Keybot will be in position to go long. The bears need weaker chips and to push the SOX back below 1076. Weaker chips and banks will help bears while stronger retail stocks and lower volatility will help bulls.
8/20/17;
7:00 PM EST =
8/18/17;
10:00 AM EST =
8/16/17;
9:00 AM EST =
8/14/17; 9:36 AM EST
= +69; signal line is +85
8/13/17;
7:00 PM EST = +53; signal line is +85
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