Friday, November 11, 2016


Keybot the Quant remains long as the bulls and bears battle. The algo wants to flip short but interestingly the algo number is only one point below the signal line. This illustrates the bulls and bears fighting for control of the stock market. If the SPX drops under 2151 (starting the Friday trade at 2167), Keybot will likely flip short.

Keybot is tracking semiconductors, retail stocks and volatility as the three main drivers of market direction currently. Utilities collapsed yesterday and remain in the bear camp.

If SOX falls below 804.90 (now at 806.09), the stock market will  take a leg lower. If RTH moves above 76.62 (now at 76.08) and/or VIX moves below 13.93 (now at 14.74), the bulls will throw confetti as the stock market rally continues higher into the weekend. If chips remain bullish, retail bearish and volatility higher (bearish), status quo, stocks will move choppy sideways with a slight upward bias into the weekend.

Bears need the SPX under 2151 and the SOX under 804.90 to be victorious going forward. Bulls need RTH above 76.62 and VIX under 13.93 to continue the upside rally. Keybot prints a pre-scheduled number one-half hour after the opening bell.

11/13/16; 7:00 PM EST =
11/11/16; 10:00 AM EST =
11/10/16; 11:27 AM EST = +17; signal line is +18 but algorithm remains long
11/10/16; 10:53 AM EST = +1; signal line is +19 but algorithm remains long
11/10/16; 10:07 AM EST = +17; signal line is +21 but algorithm remains long

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.