Keybot the Quant remains short as the stock market keeps printing record highs. The oddities continue. The algo prints two numbers so far this week. Copper is oscillating in and out of the bull and bear camps. Keybot continues tracking copper and volatility as the two key parameters most impacting stock market direction. Market bears will win with lower copper while bulls will win with lower volatility.
The bears need JJC under 36.05 with price beginning the Friday session at 36.45. Copper futures are down -0.1% as this message is typed so JJC would receive a 4 cent shave at the opening bell.
The bulls need VIX below 10.15 with price currently trading at 11.33. The VIX has been above its 200-day MA for 8 consecutive days without stocks selling off. This rare and odd behavior is unprecedented and something you will probably not see again for a decade or two after it resolves.
Either copper or volatility will flinch and provide the stock market direction answer ahead. The beat goes on.
1/28/18; 7:00 PM EST =
1/24/18; 9:36 AM EST = +54; signal line is +61
1/23/18; 9:36 AM EST = +38; signal line is +61
1/21/18;
7:00 PM EST = +54; signal line is +62
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