Thursday, August 15, 2019


Keybot the Quant is short with the algo 17 points below the signal line. The quant motors along today without printing any numbers. SPX did not breach the 2806 bull-bear line in the sand so the bears were sad and bulls happy. NYA did not punch up through the 12529 bull-bear line in the sand so the bulls were sad and the bears happy. Since neither parameter flinched, the stock market sputtered along chopping above and below the flat line and finished flat.

Same-o set-up for Friday. Watch SPX 2806 and NYA 12529 to determine the path ahead. Stronger chips, the SOX above 1472, would greatly help the bulls.

Housing Starts hit at 8:30 AM EST and Consumer Sentiment is at 10 AM EST Friday morning. The importance of Starts cannot be overstated. As you remember, the quant considers the housing market to have now slipped into a recession going forward so the Starts and Permits data are bigtime important going forward.

If either NYA moves above 12529 and/or SOX above 1472, consider the imminent turn to the long side to be in play. If both turn bullish, the stock market will be catapulting higher. Armageddon occurs if the SPX loses 2806 (the S&P 500 fell to 2825 today only 19 points from the cliff edge). The erratic and unstable price behavior continues.

8/18/19; 7:00 PM EST =
8/16/19; 10:00 AM EST =
8/16/19; 9:00 AM EST =
8/14/19; 9:48 AM EST = -18; signal line is -1; go short 2879; (Benchmark SPX for 2019 = +14.8%)(Keybot algorithm program this trade = -2.2%; Keybot algo for 2019 = +11.3%)(Actual results this trade = -2.2%; Actual trading results for 2019 = +23.1%)

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