Tuesday, November 15, 2016


Keybot the Quant remains long but wants to flip short. If the SPX falls under 2156, Keybot will likely flip short. If RTH moves above 76.55 and/or VIX under 13.89, the bulls will keep pushing stocks higher. Retail Sales were just released and are a beat so RTH will be moving higher after the opening bell. If stocks rally but the RTH and VIX remain in the bear camp, equities will likely roll back over to the downside.

For the SPX starting at 2164, the bulls need to push above 2171, about 7 or 8 points higher, and the upside will accelerate. S&P futures are up about 6 points as this is typed about 50 minutes before the opening bell. The bears need to push under 2156 and the downside will accelerate. A move through 2157-2170 is sideways action for Tuesday.

Bears win with SPX under 2156. Bulls win with RTH above 76.55 or VIX below 13.89.

The algo number and signal line are both at +18 indicating that a knock-down drag-out bull-bear fight for control of market direction is occurring. Volatility and retail stocks are key currently.

11/20/16; 7:00 PM EST =
11/17/16; 9:00 AM EST =
11/14/16; 2:25 PM EST = +18; signal line is +18 but algorithm remains long
11/14/16; 12:46 PM EST = +34; signal line is +18
11/14/16; 12:13 PM EST = +18; signal line is +17
11/14/16; 9:52 AM EST = +34; signal line is +18
11/13/16; 7:00 PM EST = +18; signal line is +17

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