Keybot the Quant remains on the short side as a battle between utilities and volatility plays out. The algo did not print any numbers to begin the week. Both utilities and volatility move higher on Monday. Which will move higher faster?
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 Tuesday trade at 708.
The bears need VIX above 10.15 to roll the stock market over to the downside. VIX is currently trading at 9.45 about 3 hours before the opening bell for the regular session.
Bulls need higher utilities while bears need higher volatility.
1/14/18;
7:00 PM EST =
1/7/18; 7:00 PM EST =
+68; signal line is +74
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.