Wednesday, December 26, 2018


Keybot the Quant remains short as the bulls stage a humongous rally due to the uber negative sentiment. The bulls are all smiles patting each other on the back. However, the bulls need stronger copper and utilities; so far they got buptkis.

Bulls need UTIL above 708-709 pronto (now at 704), otherwise, stocks will roll back over into oblivion. Bulls need CPER above 17.18 (now at 16.88) which would also verify that a substantive relief rally has begun.

The bears are cruising with the algo number 37 points below the signal line. Keybot likely wants to see both the utes and copper above the levels indicated for the algo to flip long. Keybot prints a pre-scheduled number tomorrow morning.

12/30/18; 7:00 PM EST =
12/27/18; 10:00 AM EST =
12/24/18; 10:13 AM EST = -52; signal line is -15
12/23/18; 7:00 PM EST = -36; signal line is -14

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