Keybot the Quant remains short with the algo number 47 points below the signal line. The bears are cruising with their feet up on the dashboard. The quant is quiet this week idling along without printing any numbers thus far. It is always interesting how the robot may print 15 numbers in one day and then several days may go by without the quant printing any numbers.
Bears need weaker commodities to push stocks lower but oil and others remain buoyant. Bears need stronger banks and NYA while pushing volatility lower. These three parameters have only become more bearish this week. Utilities have crashed which remains a very ominous harbinger of things to come.
Keybot prints a pre-scheduled number for this week tomorrow morning. The month and third quarter trading ends tomorrow (EOM and EOQ3, respectively).
10/1/23;
7:00 PM EST EOM EOQ3 =
9/29/23;
10:00 AM EST =
9/24/23;
7:00 PM EST = -49; signal line is -2
9/22/23;
3:39 PM EST = -49; signal line is +1
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