Keybot the Quant remains short as the odd market action continues. The bears create selling pressure but were unable to get copper to fail so they got buppkis. The bulls are getting pounded by the higher volatility. The battle between volatility and copper, which controls broad stock market direction currently, continues.
Bears need JJC under 36.17 (now at 36.33). If stocks continue lower but JJC is unable to move below 36.17, the bears got nothing and the bulls will rally stocks higher. If JJC fails at 36.17, stocks will flush strongly lower. Watch how copper trades overnight.
Bulls need VIX below 10.30 (now at 14.79) to guarantee upside joy. Wednesday is end-of-month (EOM) and Keybot prints a pre-scheduled number. Watch JJC 36.17 since it tells you what you need to know for hump day.
2/4/18;
7:00 PM EST =
2/2/18;
10:00 AM EST =
2/2/18;
9:00 AM EST =
1/31/18;
7:00 PM EST EOM =
1/30/18; 10:00 AM EST =
+54; signal line is +60
1/28/18; 7:00 PM EST = +54;
signal line is +60
1/24/18;
9:36 AM EST = +54; signal line is +61
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.