Keybot the Quant remains short as the stock market staggers sideways after Monday's big relief rally. Keybot printed another number in the Monday session but nothing so far on Tuesday. The bears are in charge with the algo number 30 points under the signal line but humorously, the stock indexes are green.
Bears will need to weaken the chips and banks to gain downside momo. The bulls need higher commodities, lower volatility and higher retail stocks to reestablish an upside rally. Bulls need GTX above 2215, VIX below 11.32 and/or RTH above 80.69. Any one of the three will guarantee further upside in the stock market and if 2 of the 3 flip bullish, Keybot will likely flip long.
8/16/17;
9:00 AM EST =
8/14/17; 11:57 AM EST
= +55; signal line is +85
8/14/17; 9:36 AM EST
= +69; signal line is +85
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