Keybot the Quant remains long as the stock market melts-up higher day after day. This is epic and historic stock market action that will be talked about for years to come. The algo does not print any numbers today (Thursday) but prints one number yesterday. The algo is at +100 the maximum possible number. The bullish euphoria is off the charts.
Copper leaps higher. Utilities move higher. Volatility remains low. The bulls slap the bears in the face. Slap, slap. The bears need UTIL under 725.27 to introduce market weakness but this number expires at 4 PM EST Friday and is replaced with 706.91 a far easier number for bulls to beat for all of next week. Everything is going the bulls way.
The bears big hope is likely pinned on volatility. Bears desperately need a higher VIX. The VIX is at 9.19, a plaindrome, and bears need it to move above 10.76 to guarantee stock market selling ahead. If either UTIL moves below 725.27 or VIX above 10.76, either parameter will do, and the SPX moves below 2540, Keybot will likely flip short.
The bulls are singing happy songs showing zero concern for the future since even if a selloff occurs the central bankers will always support higher stock markets forever. Moral hazard. We are witnessing historic market activity in real-time.
The US Monthly Jobs Report drops tomorrow morning at 8:30 AM EST (1:30 PM London; 2:30 PM Central Europe; 9:30 PM Tokyo). Keybot prints a pre-scheduled number at 9 AM EST Friday morning one-half hour before the opening bell.
The US Monthly Jobs Report drops tomorrow morning at 8:30 AM EST (1:30 PM London; 2:30 PM Central Europe; 9:30 PM Tokyo). Keybot prints a pre-scheduled number at 9 AM EST Friday morning one-half hour before the opening bell.
10/8/17;
7:00 PM EST =
10/6/17; 9:00 AM EST =
10/4/17; 11:05 AM EST
= +100; signal line is +86
10/3/17;
9:36 AM EST = +84; signal line is +86 but algorithm remains long
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