Thursday, December 1, 2016


Keybot the Quant remains long heading into the Thursday trading session. Utilities were slapped lower so bears rejoice but at the same time commodities  spiked higher nullifying the cheers. The bulls remain in control and need UTIL above 654.47 to prove they can take stocks higher.

Market bears need either VIX above 13.86 and/or GTX under 2248. If either parameter turns bearish, consider the imminent turn to be in play, and if the SPX is trading under 2199 heading lower, Keybot will likely flip short. Bears need one of these two parameters to flip bearish to prove that they can take the stock market lower.

For the SPX beginning at 2199, the bulls need to push above 2214 to accelerate a multi-handle up move to 2220 and new all-time records. The bears need to push under 2199 to accelerate the downside. S&P futures are flat about 45 minutes before the opening bell. A move through 2200-2213 is sideways action for Thursday. Bulls need stronger utilities while bears need higher volatility and lower commodities. Keybot prints a pre-scheduled number tomorrow morning.

12/4/16; 7:00 PM EST =
12/2/16; 9:00 AM EST =
11/30/16; 7:00 PM EST EOM = +66; signal line is +53
11/30/16; 9:36 AM EST = +66; signal line is +51
11/29/16; 3:59 PM EST = +68; signal line is +50

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