Wednesday, January 11, 2017


Keybot the Quant remains long as the algo idled along in the Tuesday session without printing any numbers. The fight for Wednesday involves utes, retail stocks and commodities. The bulls need UTIL above 663 to take stocks higher. The bears need RTH under 76.56 and/or GTX under 2324 to confirm downside action for the stock market. If RTH or GTX turns bearish, either one would do, and the SPX falls under 2265, Keybot will likely flip short, hence, the imminent turn is listed in the title line. Bulls need higher utilities while bears need lower retail stocks and commodities.

For the SPX starting at 2269, the bulls need to push above 2279 to accelerate the upside. Bears need SPX under 2265 to accelerate the downside. A move through 2266-2278 is sideways action. If UTIL remains bearish, and RTH and GTX bullish, stocks will float along sideways with a slight upward bias.

1/15/17; 7:00 PM EST =
1/13/17; 10:00 AM EST =
1/9/17; 9:41 AM EST = +68; signal line is +67

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