Keybot the Quant remains long with the algo spitting-out 7 numbers on Friday including the 2 pre-scheduled numbers. The bulls are in charge with the algo number 36 points above the signal line. VIX falls below the 14.85 bull/bear line in the sand to 14.80 so the bulls are throwing confetti singing Oh Happy Day.
VIX is the current rudder for the stock market ship. Bulls win below VIX 14.85. Bears win with VIX above 14.85. Bears would also need weaker chips and retail stocks to regain control. Retail earnings and data are on tap this week.
The longer that VIX remains below 14.85, the more likely that the SPX will travel back to the record highs. Bulls need stronger copper and commodities if they want to create a sustainable rally.
If VIX moves back above 14.85, the stock market relief rally is over. VIX begins trading at 3 AM EST Monday morning.
8/25/24;
7:00 PM EST =
8/18/24;
7:00 PM EST = +31; signal line is -5
8/16/24;
3:59 PM EST = +31; signal line is -7
8/16/24;
3:35 PM EST = +17; signal line is -8
8/16/24;
2:41 PM EST = +31; signal line is -8
8/16/24;
1:56 PM EST = +17; signal line is -9
8/16/24;
11:45 AM EST = +31; signal line is -11
8/16/24; 10:00 AM EST = +17; signal line is -12
8/16/24;
9:00 AM EST = +17; signal line is -12
8/15/24; 10:37 AM EST = +17; signal line is -13; go long 5520;
(Benchmark SPX for 2024 = +15.7%)(Keybot algo this trade = +1.7%; Keybot algo
for 2024 = +5.8%)(Actual results this trade = +3.3%; Actual results for 2024 =
+10.8%)
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