Keybot the Quant remains on the short side as the battle between utilities and volatility continues. The algo has not printed any numbers so far this week. On Tuesday, utilities move lower and volatility higher but the bears need to push the VIX even higher to prove they have the beans to take stocks lower.
The bulls need UTIL above 721.60 to guarantee upside stock market joy and above 723.60 stocks will jump wildly higher. UTIL begins the Wednesday trade at 701.
The bears need VIX above 10.16 to roll the stock market over to the downside. VIX is at 10.08 only eight cents away. The VIX begins trading 3 AM EST so that will tell you if the bears have the beans, or not. In addition, the bears can move the stock market lower if copper falters. Bears need JJC under 36.00 (now at 36.68) since this will create stock market downside.
Bulls need higher utilities while bears need higher volatility and lower copper.
1/14/18; 7:00 PM EST =
1/7/18; 7:00 PM EST = +68; signal line is +74
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