Keybot the Quant remains short through the weekend. The bulls started to make a run in the afternoon yesterday but the NYA and XLF retreated sending the stock market lower. The NYA Index, financials and commodities will play a key role on Monday morning; the bull-bear lines are currently at NYA 10141, XLF 22.16 and GTX 2146. Bears are fine as long as all three remain bearish. If any of the three flip long, the stock market will recover.
Monday can be set up after the Sunday pre-scheduled number prints tomorrow. The algo number is 27 points below the signal line with the bears in full control, however, the parameters mentioned above are teetering on the bull-bear lines in the sand. Thus, markets remain a coin flip.
4/10/16;
7:00 PM EST =
4/8/16; 2:28 PM EST =
+34; signal line is +61
4/8/16; 2:17 PM EST =
+48; signal line is +62
4/8/16;
12:25 PM EST = +34; signal line is +64
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