Keybot the Quant remains long as banks rally placing the final nail in the bear coffin. The Keybot algorithm prints +100 the maximum possible reading for the oscillator. Strike up the band. NYSE floor traders are singing, "Happy Days Are Here Again." Sound the Seven Trumpets! The algo has pegged itself at +100 a few times over the last 9 months. The bullishness is at a long-term peak this year.
Bears need higher volatility, VIX above 10.98, and lower banks, XLF under 24.59, and lower copper, JJC under 33.37, or they got nothing. If the three parameters remain bullish, the upside stock market party continues. If any one of the three parameters flips bearish the upside rally in stocks will stall.
The bulls are unstoppable since central bankers keep providing easy money indefinitely. The planet remains awash in liquidity that buys all asset classes pumping bubbles ever higher.
The bulls are unstoppable since central bankers keep providing easy money indefinitely. The planet remains awash in liquidity that buys all asset classes pumping bubbles ever higher.
9/15/17;
10:00 AM EST =
9/12/17; 9:36 AM EST
= +100; signal line is +68
9/11/17;
11:42 AM EST = +84; signal line is +67; go long 2484; (Benchmark SPX for
2017 = +10.9%)(Keybot algo this trade = -0.1%; Keybot algo for 2017 = +2.1%)(Actual
results this trade = +0.0%; Actual results for 2017 = +1.2%)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.