Keybot the Quant is long but the algo is champing at the bit to go short. The algo number is 13 points below the signal line. If the SPX drops below 2678, Keybot will likely flip short. The market bears would most benefit from a slow and steady move lower and not a gap-down move. S&P futures are +2 at this writing about 2 hours before the Wednesday opening bell.
UTIL fell through the 50-week MA at 719.60 (now at 717.03) which is a very serious and negative market signal in the very near-term as well as for the intermediate term. The bulls have to push UTIL above 719.60 pronto, otherwise, the stock market would be expected to roll over lower.
Bears can gain downside strength with higher volatility and lower semiconductors. Bears need VIX above 10.43 (now at 10.25) and/or SOX under 1256 (now at 1259). The stock market will accelerate lower if these two parameters fail.
Bulls will be joyous into the new year if they can push UTIL above 719.60 after the opening bell. Keybot prints a pre-scheduled number one-half hour after the opening bell. The beat goes on.
12/31/17;
7:00 PM EST EOM EOQ4 EOY2017 =
12/27/17;
10:00 AM EST =
12/26/17; 2:14 PM EST =
+68; signal line is +81 but algorithm remains long
12/26/17; 11:30 AM EST
= +84; signal line is +81
12/26/17; 11:00 AM EST
= +68; signal line is +81 but algorithm remains long
12/26/17; 10:22 AM EST
= +84; signal line is +81
12/26/17; 9:39 AM EST =
+68; signal line is +81 but algorithm remains long
12/22/17; 10:00 AM EST
= +84; signal line is +80
12/21/17; 10:06 AM EST
= +84; signal line is +78
12/21/17; 9:36 AM EST =
+68; signal line is +78 but algorithm remains long
12/19/17;
9:00 AM EST = +84; signal line is +77
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