Tuesday, March 16, 2021


Keybot the Quant remains long. As you can see, the fight is at the UTIL 856.13 bull/bear line in the sand previously mentioned. Price is at 858.93 right now after testing the critical 856.13 area. UTIL punched up through 856.13 which creates the broad stock market joy. Also, the chips. SOX jumps above its 2985 line in the sand creating a happy tech sector and stock market. The bulls are running with the algo number 47 points above the signal line.

The S&P 500 prints a new all-time high at 3981.04.

Bears got nothing unless UTIL 856.13 fails and/or if SOX fails below 2985 and/or if VIX pops above 23.96. Any 1 of these 3 will stop the upside rally.

Utilities are a key tell on the intermediate term so if UTIL loses 856, view that as extremely bearish for the stock market. If UTIL then drops lower and loses the 825-826 level, it would be lights-out for stocks.

UTIL is at 858.80. SOX is at 3104. VIX is at 19.37. Utes would likely be first to fall so kick back until UTIL 856.13 occurs; then you will know trouble is starting.

3/21/21; 7:00 PM EST =
3/17/21; 9:00 AM EST =
3/15/21; 3:59 PM EST = +80; signal line is +33
3/15/21; 2:34 PM EST = +64; signal line is +32
3/15/21; 1:15 PM EST = +80; signal line is +31
3/15/21; 9:56 AM EST = +64; signal line is +30
3/14/21; 7:00 PM EST = +48; signal line is +29

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