Keybot the Quant remains short as the sloppy market action continues. The bears are in charge with the algo number 22 points below the signal line. The bears are comfortable but things can change fast.
Bears have succeeded after they slapped the retail stocks and chips in the face. Bears also create higher volatility so stocks sink.
Bulls are trying to keep commodities, copper and banks in the bull camp because if any of them fail, equities will be sliding down the rabbit hole.
Bears need GTX below 3717 with price beginning the week at 3726. If commodities are weak, the stock market is in bigtime trouble. This behavior would also surface in copper and Keybot is tracking CPER 27.63 as a line in the sand. XLF 50.55 is also a key bull/bear line in the sand. Bears will create carnage if UTIL loses 981. Any one of these four metrics turning bearish will guarantee more stock market pain to the downside ahead.
Bulls need lower volatility plain and simple. Bulls need VIX below 16.59 if they want to stop the selling and try and stabilize the stock market. There is no hope if you are bullish and long stocks if the VIX remains above 16.59, and you will feel more pain the higher the VIX moves.
To whittle it down to something simple, bears will create another leg lower for the stock market if GTX loses 3717 (weaker commodities) but bulls can stall the selling and try to stabilize stocks if VIX moves below 16.59 (lower volatility). It is a cage match. Commodities and volatility enter but only one will exit and be victorious and the stock market will move in that direction.
Keybot the Quant prints one prescheduled number this week on Friday morning.
3/9/25; 7:00 PM EST =
3/7/25; 9:00 AM EST =
3/2/25;
7:00 PM EST EOM = -2; signal line is +20
2/25/25;
10:00 AM EST = -2; signal line is +21
2/24/25;
10:02 AM EST = +0; signal line is +21
2/23/25;
7:00 PM EST = +16; signal line is +22
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