Keybot the Quant remains long after a volatile Friday session. The VIX was jumping to and fro but at the closing bell stays in the bull camp. US markets are closed tomorrow for the Labor Day holiday.
On Tuesday, when US trading is back on line, the bulls need higher copper to provide upside legs to the stock market rally and more new all-time record highs.
The bears need VIX above 13.41, GTX below 2710 and/or XLF under 27.85. If any of the three parameters turn bearish, consider the imminent turn to be on the table, and if the SPX then drops under 2892, Keybot will likely flip short.
Bears will benefit from higher volatility and weaker commodities and banks. Bulls need stronger copper.
Bears will benefit from higher volatility and weaker commodities and banks. Bulls need stronger copper.
Keybot prints one pre-scheduled number this week on Friday, 9/7/18.
9/9/18;
7:00 PM EST =
9/7/18;
9:00 AM EST =
9/2/18; 7:00 PM EST EOM
= +84; signal line is +72
8/31/18; 3:40 PM EST = +84;
signal line is +71
8/31/18; 3:29 PM EST = +70;
signal line is +70 but algorithm remains long
8/31/18; 3:21 PM EST = +84;
signal line is +69
8/31/18; 11:53 AM EST =
+70; signal line is +68
8/31/18;
10:00 AM EST = +84; signal line is +66
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