Keybot the Quant remains long as the robot navigates through another sleepy week. The S&P 500 is teasing new all-time record highs but missed by a hair yesterday. The all-time high is 6147.43 and all-time closing high is 6144.15 both on 2/19/25. Price got up to 6147 yesterday but not above the record high and then closed at 6141 below the record close. Will the newspapers and internet web sites have a headline to exploit all weekend long?
Market metrics remain bullish across the board so the robot is sleepy this week idling along until something crazy will likely occur. The banks are pumped higher by the US government relaxing banking rules. Of course they do; it is crony capitalism filth. Copper launches into the stratosphere. Volatility drops faster than a prom dress.
Commodities launched higher but are now dropping in spectacular fashion. The quant is tracking GTX as the main parameter impacting stock market direction. GTX 3712 is the bull/bear line in the sand. GTX is at 3734 in the bull camp creating buoyancy in the stock market. If GTX fails below 3712 today, consider the imminent turn to the short side to be in play for the quant. If the SPX then loses 6107 trending lower, Keybot the Quant will likely flip short.
The second prescheduled number prints this morning shortly after the opening bell. The bulls are in charge but only by 8 measly points. Pay attention to commodities today.
Also, the quant is tracking utilities. Stocks will be in trouble if UTIL loses the 1020 line in the sand and will then likely fail bigtime if UTIL would lose the 1009 level anytime now through next Friday. UTIL begins today at 1042. The stock market is Shiny Happy People laughing but how long will that last? Practice makes perfect.
6/29/25; 7:00 PM EST =
6/27/25;
10:00 AM EST =
6/24/25;
10:00 AM EST = +57; signal line
is +49
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