Keybot the Quant remains short as the stock market melts-up higher. Keybot is idling along all week without printing any numbers since Tuesday except for the pre-scheduled number yesterday. The market action is the strangest in history. The utilities sector has crashed into a -10% correction as the broad stock indexes print record highs. That is perplexing. Next week will be interesting. Utilities and volatility are the key parameters impacting market direction currently.
Bulls need higher utes and for volatility to remain at the multi-decade lows. Bears need utilities to remain weak while pushing the VIX higher.
Bulls need higher utes and for volatility to remain at the multi-decade lows. Bears need utilities to remain weak while pushing the VIX higher.
1/7/18; 7:00 PM EST =
1/5/18; 9:00 AM EST = +68;
signal line is +74
1/2/18;
10:05 AM EST = +68; signal line is +75
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