Tuesday, January 31, 2017


Keybot the Quant remains short as the erratic and unstable market activity continues. These are some of the craziest markets you will ever see. The algo prints 4 numbers today including 2 pre-scheduled numbers.The Keybot the Quant algorithm is pegged at +100 again the maximum possible bullish reading. The algo is champing at the bit to go long but the internal parameters are not latching to permit the move as yet. Note how UTIL overtook the key 655.00 level this afternoon ditto RTH overtaking the key 76.55 level. The bulls stopped the downward slide in the stock market by pumping utilities and retail stocks higher in the afternoon session.

RTH 76.55 is key at tomorrow's (Wednesday) opening bell. RTH begins at 76.58 only 3 cents on the bull side. This is for all the marbles. UTIL 655 is also key with price at 668.87 nearly 4 points above helping the bulls. Since the algorithm wants to go long, looking at some parameters, if the SPX moves above 2279, which is a gain of less than one point, Keybot will likely flip long at the opening bell, hence the imminent turn is in play. However, if stocks gap up strongly, a timer will likely trigger to prevent the move to the long side for about 90 additional minutes. The bulls would be smarter to send price slowly and steadily higher. Obviously the bears need to see red in the S&P futures overnight or they will likely be slapped around receiving lumps on hump day.

For Wednesday, with the SPX starting at 2279, the bulls need any smidge of green in the futures and price will accelerate several handles higher to 2285 in a heartbeat and Keybot will likely flip long. The bears need to push under 2267 to accelerate the downside. A move through 2268-2278 is sideways action for Wednesday. The FOMC rate decision occurs in the afternoon.

2/5/17; 7:00 PM EST =
2/3/17; 9:00 AM EST =
1/31/17; 7:00 PM EST EOM = +100; signal line is +80 but algorithm remains short
1/31/17; 3:27 PM EST = +100; signal line is +79 but algorithm remains short
1/31/17; 11:07 AM EST = +84; signal line is +79 but algorithm remains short
1/31/17; 10:00 AM EST = +68; signal line is +81
1/30/17; 2:06 PM EST = +68; signal line is +81

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