We saw early this morning that commodities were bearish, copper was collapsing turning bearish, and volatility started spiking higher after President Trump said a US-China trade deal may not occur until after the November 2020 election. You knew the day would be ugly for the bulls.
Thus, weaker commodities and copper, and higher volatility, are creating the stock market mayhem. The chips and retail stocks failed into the bear camp today causing stock market weakness but recovered intraday. Watch SOX 1662.41 and RTH 117.70 as key bull-bear lines in the sand. Bears need to smack semiconductors and retail stocks lower to send stocks further south.
Bulls need either commodities, copper or volatility to turn bullish, any one of the three would do to place the algo in the imminent turn to the long side position, and if the SPX would then move above 3095, Keybot the Quant would likely flip long. The stakes are high for hump day. One of the five parameters above will flinch and immediately send the broad stock market in that direction.
Bulls win if the VIX drops below 15.14. The VIX begins trading at 3 AM EST so that will give you a heads-up on ow the US stock market plans on trading during the hump day session. Bears win if SOX drops below 1662.41 and/or RTH below 117.70. The stage is set for the Wednesday battle.
Bulls win if the VIX drops below 15.14. The VIX begins trading at 3 AM EST so that will give you a heads-up on ow the US stock market plans on trading during the hump day session. Bears win if SOX drops below 1662.41 and/or RTH below 117.70. The stage is set for the Wednesday battle.
12/6/19;
9:00 AM EST =
12/3/19;
3:52 PM EST = +44; signal line is +55
12/3/19;
3:45 PM EST = +28; signal line is +56
12/3/19;
3:27 PM EST = +44; signal line is +58
12/3/19;
3:25 PM EST = +28; signal line is +59
12/3/19;
1:57 PM EST = +12; signal line is +60
12/3/19;
1:27 PM EST = +28; signal line is +63
12/3/19;
10:39 AM EST = +12; signal line is +65
12/3/19;
10:29 AM EST = +28; signal line is +67
12/3/19;
10:23 AM EST = +44; signal line is +70
12/3/19;
10:21 AM EST = +28; signal line is +71
12/3/19; 9:54 AM EST = +12; signal line is +73
12/3/19; 9:54 AM EST = +12; signal line is +73
12/3/19; 9:43 AM EST = +28; signal line is +75
12/3/19;
9:36 AM EST = +44; signal line is +78
12/3/19; 5:17 AM EST = +60; signal line is +79
12/3/19; 5:17 AM EST = +60; signal line is +79
12/2/19; 11:25 AM EST = +74; signal line is +80
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