Thursday, September 17, 2020

STOCK MARKET BULLISH - LONG -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains long as the markets remain Crazy.  The quant rattles off 13 numbers today including the pre-scheduled number and remains long with the algo number 13 points above the signal line. The imminent turn remains in play for a whipsaw back to the short side. Volatility was, well, volatile, today. The VIX jumps on the Crazy Train. All aboard.

Keybot is tracking VIX 27.56 as a key bull/bear line in the sand. If VIX moves above 27.56 (now at 26.46), and if the SPX falls below 3329, Keybot will likely flip short, hence the imminent turn notation in the title line. The stock market is a coin-toss.

Bears need higher volatility and weaker utilities. Bears need UTIL under 793 for all of next week. Bulls will receive strength if they push UTIL above 827 tomorrow or above 793 any day next week.

Keybot prints a pre-scheduled number tomorrow one-half hour after the opening bell on Wall Street.

9/20/20; 7:00 PM EST =
9/18/20; 10:00 AM EST =
9/17/20; 3:15 PM EST = +34; signal line is +21
9/17/20; 3:07 PM EST = +20; signal line is +20 but algorithm remains long
9/17/20; 2:49 PM EST = +34; signal line is +20
9/17/20; 2:35 PM EST = +20; signal line is +19
9/17/20; 1:36 PM EST = +34; signal line is +19
9/17/20; 1:21 PM EST = +20; signal line is +19
9/17/20; 1:01 PM EST = +34; signal line is +20
9/17/20; 12:16 PM EST = +20; signal line is +19
9/17/20; 9:57 AM EST = +34; signal line is +17
9/17/20; 9:00 AM EST = +20; signal line is +16
9/17/20; 4:55 AM EST = +20; signal line is +17
9/17/20; 4:29 AM EST = +34; signal line is +18
9/17/20; 3:06 AM EST = +20; signal line is +18
9/16/20; 2:40 PM EST = +34; signal line is +19; go long 3429; (Benchmark SPX for 2020 = +6.1%)(Keybot algo this trade = +2.3%; Keybot algo for 2020 = +29.2%)(Actual trading results this trade = +8.2%; Actual trading results for 2020 = +51.0%)

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