Keybot the Quant remains short as an odd market condition is occurring where the utilities have crashed into a -10% correction but the broad stock indexes continue printing new record highs. It appears the battle for market direction is between volatility and utilities.
The market bulls need to push UTIL above 720.92 which will carry the stock market higher. A move above UTIL 723.60 will create a manic move higher in stocks. UTIL begins the week at 700.
The bears need the VIX above 10.24 to create selling in stocks and it begins the week at 9.22. One of these two parameters will flinch to confirm the path ahead for the stock market. Keybot likely needs to see stronger utilities to flip to the long side. Keybot does not print any pre-scheduled numbers this week.
1/14/18;
7:00 PM EST =
1/7/18; 7:00 PM EST = +68;
signal line is +74
1/5/18;
9:00 AM EST = +68; signal line is +74
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