Keybot the Quant remains short as the stock market takes the pipe today. It's Beautiful. The stock market was stabbed in the back today by commodities. Volatility ran higher running over the bulls chance of a comeback rally. The bears are in charge with the algo number 35 points below the signal line.
Commodities are in the bear camp but the bulls will try to claw them back tomorrow. Bulls need GTX above 3717 to stop the stock market selling. Bulls need VIX below 16.82 to regain control of the stock market but price is up at 22.78.
Thus, the bears look pretty good but they need to keep pressing if they want to create carnage. The utility trap-door remains closed. Bears need UTIL below 983 to open the trap-door and hang the market. Stocks will crash worse than today and remain sick a long time. Bears need XLF below 50.70 about a -2% drop in banks. This will create market mayhem.
Thus, GTX 3717 is the current rudder for the stock market ship, with XLF 50.70 also in play. If banks and utes are trading positively, the stock market draw down will likely not be a biggie. If banks and utilities join the bear camp, Katy bar the door, the blood will flow on Wall and Broad, with big carnage occurring in the indexes.
Commodities, banks, utilities and volatility are all that matter currently.
3/9/25; 7:00 PM EST =
3/7/25; 9:00 AM EST =
3/3/25; 1:16 PM EST = -16;
signal line is +19
3/3/25; 10:58 AM EST = -2;
signal line is +19
3/3/25; 10:42 AM EST = -16;
signal line is +20
3/2/25;
7:00 PM EST EOM = -2; signal line is +20
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