Keybot the Quant remains short with the algo number 39 points below the signal line. The erratic market turmoil will likely continue. The bears need NYA under 12241 and/or SPX under 2532 and stocks will drop lower. If both fail, the stock market will be in freefall.
The bulls need stronger commodities and must push the GTX above 2505 (now at 2475). Bulls also need to push retail stocks higher by sending RTH above 94.55 (now at 93.64). These parameters will stabilize the stock market and give juice to a relief rally.
Bears will win with a weaker NYSE Composite Index while bulls will win with higher commodities and retail stocks. Keybot prints two pre-scheduled numbers this week both on Friday morning.
2/18/18;
7:00 PM EST =
2/16/18;
10:00 AM EST =
2/16/18; 9:00 AM EST =
2/11/18; 7:00 PM EST = -24;
signal line is +15
2/9/18;
3:20 PM EST = -24; signal line is +17
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