Keybot the Quant remains short as the stock market continues higher. Utilities collapse further and volatility is slightly elevated. The algo prints 7 numbers on Friday.
US markets are closed on Monday due to Martin Luther King, Jr, Day holiday. On Tuesday, the bulls have it on a silver platter if they want it. Bulls need VIX below 10.14 (now at 10.16 only 2 pennies above on the bear side). If VIX turns bullish and the SPX touches 2787 which is only a 2-point gain, Keybot will likely capitulate and flip long. It is a very odd start to the year. Bulls will also benefit from stronger utilities with UTIL above 721.
The market bears simply need to keep the VIX in the bear camp above 10.14 and at the same time send send copper lower JJC under 36.00 (now at 36.74).
Keybot prints two pre-scheduled numbers during the holiday-shortened week one on Thursday the other Friday. As volatility goes, the stock market will move opposite.
1/21/18;
7:00 PM EST =
1/19/18;
10:00 AM EST =
1/18/18;
9:00 AM EST =
1/14/18; 7:00 PM EST = +54;
signal line is +65
1/12/18; 2:08 PM EST =
+54; signal line is +65
1/12/18; 12:34 PM EST =
+68; signal line is +67 but algorithm remains short
1/12/18; 11:29 AM EST =
+54; signal line is +67
1/12/18; 11:18 AM EST =
+68; signal line is +68 but algorithm remains short
1/12/18; 11:11 AM EST =
+54; signal line is +68
1/12/18; 11:02 AM EST =
+68; signal line is +69
1/12/18; 10:50 AM EST =
+54; signal line is +70
1/10/18;
12:49 PM EST = +68; signal line is +71
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.