Thursday, November 17, 2016


Keybot the Quant remains long as the Trump Rally continues. Volatility drops, retail stocks pop, and the bulls celebrate with higher stocks. The algo number is 21 points above the signal line. The market bears need the VIX above 13.89 or they got nothing. If volatility moves higher, that would warrant caution, and if the RTH moves below 76.6 that would put the imminent turn in play and if these two parameters turn bearish and the SPX drops under 2177, Keybot will likely flip short.

More retail earnings are on tap Friday morning which will influence RTH. The VIX begins trading at 3 AM EST and will provide insight on market direction ahead. Bulls need higher commodities and utilities to create more upside in equities. Watch GTX 2250 and UTIL 651.

The SPX is on the verge of new all-time record highs only 3 points away. The SPX begins Friday at 2187 and bulls only need one point higher to 2188 and the upside will accelerate printing the new all-time highs. The bears need to push under 2177 to regain their rmojo. A move through 2178-2187 is sideways action to end the week.

11/20/16; 7:00 PM EST =
11/17/16; 9:00 AM EST = +48; signal line is +27
11/16/16; 2:12 PM EST = +48; signal line is +25
11/16/16; 9:36 AM EST = +34; signal line is +24
11/15/16; 1:17 PM EST = +48; signal line is +23

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