Thursday, January 19, 2017


Keybot the Quant remains long as the cat and mouse game continues. Utilities collapse so stocks are weak. For all of next week, the UTIL 651.79 level is very important. The UTIL 663.23-ish level will also remain important for several days forward. If UTIL falls towards 652 and collapses, the broad stock market will likely be in trouble very quickly.

Retail stocks drop today. Market bears need RTH under 76.66 now at 76.87. If UTIL falls under 652, or RTH under 76.66, either one will do (RTH is more likely to fail), and the SPX drops under 2258, Keybot will likely flip short. Market bulls need to push UTIL above 663.23 and they can relax into the weekend as stocks float higher.

For the SPX starting at 2264, the bulls need to push above 2274 to accelerate the upside. The bears need to push under 2258 to accelerate the downside. A move through 2259-2273 is sideways action. If RTH drops under 76.66, the bears will likely growl strongly and take stocks lower. If RTH remains buoyant, so will the broad stock indexes.

1/22/17; 7:00 PM EST =
1/19/17; 9:36 AM EST = +84; signal line is +79
1/19/17; 9:00 AM EST = +100; signal line is +79
1/18/17; 3:46 PM EST = +100; signal line is +77

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