Saturday, December 16, 2017

STOCK MARKET BULLISH -- LONG -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant flips to the long side at SPX 2668 on Friday morning. You saw the climb in copper in the pre-market and knew the fix was in for the upside. Copper jumped over +2% on Friday propelling the market bulls to victory. The bulls slap the bears in the face again. Slap, slap. After lunchtime, Keybot prints another historic +100 high which is the maximum reading for the computer model. This was done by boosting the semiconductors higher. These truly are historic market times.

The choppy, low volatility slop continues. At the same time, the market is very news-driven whip-sawing to and fro on central banker and tax bill talk. For Monday, it looks like the semiconductors run the show. As the chips go, so goes the markets. Watch SOX like a hawk come Monday morning at 9:30 AM EST.

The benchmark S&P 500 is up nearly +20% this year a phenomenal run higher. On the last trade, the algo program loses a percent and the actual trading loses a couple percent. Keybot exits SDS and enters SSO. There are 9 days remaining in the trading year.

Do not be surprised to see a whipsaw move back to the short side in these erratic and unstable markets. Price levels of interest can be pulled from the algo tomorrow after the Sunday number prints. Utilities will play a role this coming week. The beat goes on.

12/17/17; 7:00 PM EST =
12/15/17; 3:48 PM EST = +84; signal line is +73
12/15/17; 1:56 PM EST = +100; signal line is +73
12/15/17; 10:16 AM EST = +84; signal line is +72; go long 2668; (Benchmark SPX for 2017 = +19.2%)(Keybot algo this trade = -1.2%; Keybot algo for 2017 = +1.5%)(Actual results this trade = -2.2%; Actual results for 2017 = +0.5%)
12/15/17; 9:36 AM EST = +84; signal line is +71 but algorithm remains short
12/14/17; 3:34 PM EST = +68; signal line is +71
12/14/17; 3:16 PM EST = +84; signal line is +71 but algorithm remains short
12/14/17; 2:34 PM EST = +68; signal line is +71
12/14/17; 2:16 PM EST = +84; signal line is +70 but algorithm remains short
12/14/17; 2:07 PM EST = +68; signal line is +70
12/14/17; 12:36 PM EST = +84; signal line is +70 but algorithm remains short
12/14/17; 11:45 AM EST = +68; signal line is +70
12/14/17; 9:41 AM EST = +84; signal line is +70 but algorithm remains short
12/10/17; 7:00 PM EST = +68; signal line is +70
12/8/17; 10:08 AM EST = +68; signal line is +70
12/8/17; 10:00 AM EST = +84; signal line is +71 but algorithm remains short
12/8/17; 9:36 AM EST = +84; signal line is +70 but algorithm remains short
12/8/17; 9:00 AM EST = +68; signal line is +70
12/7/17; 10:16 AM EST = +68; signal line is +70
12/5/17; 2:23 PM EST = +54; signal line is +71; go short 2636; (Benchmark SPX for 2017 = +17.7%)(Keybot algo this trade = +2.1%; Keybot algo for 2017 = +2.7%)(Actual results this trade = +2.5%; Actual results for 2017 = +2.7%)

No comments:

Post a Comment

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