Keybot the Quant remains long. The price insanity continues with the algo printing 10 numbers today. The quant is bouncing around like a pinball with the bulls in charge of stock market direction. The algo number is 19 points above the signal line.
Bulls need strong commodities and need to push GTX above 1723 to send equities higher.
Bears need higher volatility and weaker utilities and chips; VIX above 27.48, UTIL below 793 and SOX below 2141, respectively. The quant likely needs to see 2 of these 3 turn bearish to flip short. UTIL tested 793 and bounced so there may be more drama there tomorrow. Stocks will be in trouble if UTIL 793 fails. Bears need VIX above 27.48 or they got nothing.
The imminent turn notation remains in the title line since the market can turn on a dime. VIX begins trading at 3 AM EST.
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