Keybot the Quant remains short with the algo number 45 points below the signal line (very bearish). However, the chips ran higher pulling the broad stock market up. Bears need SOX below 1527 or they got nothing. Bulls need NYA above 12710 and/or RTH above 112.63, either one would do, to create more upside. Both turning bullish would verify that the stock market relief rally is well underway. Bears need weaker chips while bulls need a stronger NYA index and retail stocks.
The US Monthly Jobs Report drops at 8:30 AM EST tomorrow morning one hour before the opening bell for the regular trading session. The stock market may trade wildly on the data. Keybot prints a pre-scheduled number before the opening bell.
10/6/19;
7:00 PM EST =
10/4/19;
9:00 AM EST =
10/3/19;
11:14 AM EST = -4; signal line is +41
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.