Friday, January 27, 2017

STOCK MARKET BULLISH -- LONG -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains long but is champing at the bit to go short. The algo number is 14 points below the signal line. The algo has motored along the last couple days without printing any numbers but is active today printing one number and also the pre-scheduled number. The necessary internal parameters are not fully latching as yet to permit a move to the short side but the trend change may be imminent.

RTH 76.63 is key and retail stocks collapse under 76 to 75.95 providing bear fuel for the stock market. If the SPX drops under 2292, Keybot will likely flip short. The SPX is printing at 2293 and change as this message is typed a couple minutes before noon time.

Pay attention to UTIL 655.00 at the closing bell since this number is key for markets all next week. UTIL is at 657 now and if it finishes the day under 655 this tells you that the bears will growl strongly to begin next week. The beat goes on.

1/29/17; 7:00 PM EST =
1/27/17; 10:00 AM EST = +68; signal line is +82 but algorithm remains long
1/27/17; 9:43 AM EST = +68; signal line is +81 but algorithm remains long
1/24/17; 11:40 AM EST = +84; signal line is +81; go long 2272; (Benchmark SPX for 2017 = +1.5%)(Keybot algo this trade = -0.4%; Keybot algo for 2017 = -3.0%)(Actual results this trade = -1.6%; Actual results for 2017 = -6.8%)

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