Bulls need to push VIX below 14.38, now trading at 14.666, to save the day and continue the upside path of the stock market. Bears win going forward if they keep the VIX above 14.38.
Bears need RTH below 119.00, weaker retail stocks, and/or weaker utilities, with UTIL losing the 863 level, as previously discussed, to create stock market carnage. If the retail stocks and utes remain in the bull camp, the bears got nothing. Copper futures need to drop about -3% to help the bear case. Copper futures are currently down -0.9% so the bears need another -2% to create stock market carnage.
The bulls only need to drive volatility lower and they can celebrate the arrival of 2020 with smiles and confetti while sipping Fed wine. Bears need weaker retail stocks, utilities and copper to celebrate the new year. If one of these three parameters fail today, on this last trading day of 2019, EOM, EOQ4, EOH2, EOY2019, and if the SPX drops below 3217, Keybot will likely flip short.
Therefore, the caution flag is out and if any of these Three Stooges turn bearish consider the imminent turn to the short side to be in play. Keybot prints a pre-scheduled number shortly after the opening bell. Happy New Year and Great Prosperity to All!!
Therefore, the caution flag is out and if any of these Three Stooges turn bearish consider the imminent turn to the short side to be in play. Keybot prints a pre-scheduled number shortly after the opening bell. Happy New Year and Great Prosperity to All!!
The trading data will be closed out after 4 PM EST today and the quant will be re-zeroed and started for the 2020 trading year.
1/5/20; 7:00 PM EST =
12/31/19; 7:00 PM EST EOM EOQ4 EOH2 EOY2019 =
12/31/19; 10:00 AM EST
=
12/30/19; 1:08 PM EST =
+74; signal line is +64
12/30/19; 12:28 PM EST
= +88; signal line is +63
12/30/19; 9:42 AM EST = +74; signal line is +61
12/30/19; 9:42 AM EST = +74; signal line is +61
12/29/19;
7:00 PM EST = +88; signal line is +59
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