Utilities rally the last couple weeks stabbing the bears in the back and allowing the bulls to freely celebrate the central banker glory. Bears need UTIL below 862.90 (now at 876). Stocks will not trade on Wednesday due to the New Year's Day holiday but the 863 bull-bear line in the sand remains in effect all week long.
The plot thickens for the week of 1/6/19, the first full trading week of the new year, when UTIL 876.46 is the key bull-bear line in the sand (exactly where price is right now). Thus, if UTIL is below 876.46 come Friday, 1/3/19, at 4 PM EST, as the new week of trading ahead ends, the stock market will be in serious trouble going forward.
The plot thickens for the week of 1/6/19, the first full trading week of the new year, when UTIL 876.46 is the key bull-bear line in the sand (exactly where price is right now). Thus, if UTIL is below 876.46 come Friday, 1/3/19, at 4 PM EST, as the new week of trading ahead ends, the stock market will be in serious trouble going forward.
Keybot prints two pre-scheduled numbers this week on Tuesday. The 2019 trading year ends at 4 PM EST Tuesday so the quant will be re-zeroed and the program started for 2020. The year was a huge success.
Watch utes, volatility and retail stocks since these are the three key drivers of stock market direction as the new week of trading begins.
Watch utes, volatility and retail stocks since these are the three key drivers of stock market direction as the new week of trading begins.
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 =
12/29/19;
7:00 PM EST = +88; signal line is +59
12/22/19;
7:00 PM EST = +88; signal line is +57
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