Saturday, January 7, 2017

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant flips to the long side at lunchtime in the Friday session at SPX 2280. Stock market direction is currently most greatly influenced by utilities and retail stocks. The algo has been calling out UTIL 661.56 the last few days and amazingly, the week ends with UTIL exactly  on this number to the penny. That is astonishing that the robot can call these key areas and their prices out before they happen. Obviously, the pivot of UTIL from 661.56 on Monday morning is hugely important. Not only from a short term perspective but for the intermediate term (weeks and months).

The areas most greatly impacting broad stock market direction and their values can be identified tomorrow after the Sunday print. Markets are very erratic and unstable. Call them a coin-flip. Keybot may whipsaw on Monday back to the bear side, however, it will likely take weakness in both the utilities and the retail stocks.

On the last trade, which is the first trade of the year, Keybot starts out on a negative note. The benchmark SPX is up +1.8% after the first week of trading in 2017. The Keybot the Quant algorithm program is down -1.8% and the actual trading loses -3.6% to begin the year. The last trade began in late 2016 so the loss is larger due to the pro-rating of the data to begin 2017. The bulls have the ball with the algo number 16 points above the signal line.

1/8/17; 7:00 PM EST =
1/6/17; 2:14 PM EST = +84; signal line is +68
1/6/17; 12:57 PM EST = +68; signal line is +69 but algorithm remains long
1/6/17; 12:33 PM EST = +84; signal line is +69; go long 2280; (Benchmark SPX for 2017 = +1.8%)(Keybot algo this trade = -1.8%; Keybot algo for 2017 = -1.8%)(Actual results this trade = -3.6%; Actual results for 2017 = -3.6%)
1/6/17; 10:58 AM EST = +68; signal line is +71
1/6/17; 9:00 AM EST = +52; signal line is +71
1/5/17; 9:36 AM EST = +52; signal line is +72
1/4/17; 11:42 AM EST = +68; signal line is +73
1/4/17; 11:18 AM EST = +84; signal line is +75 but algorithm remains short
1/4/17; 10:49 AM EST = +68; signal line is +75
1/4/17; 10:09 AM EST = +84; signal line is +75 but algorithm remains short
1/4/17; 9:36 AM EST = +68; signal line is +75
1/3/17; 9:36 AM EST = +52; signal line is +76
1/1/17; Begin 2017 Data Set = +38; signal line is +77; go short 2239; (Benchmark SPX for 2017 = 0%)(Keybot algo this trade = 0%; Keybot algo for 2017 = 0%)(Actual results this trade = 0%; Actual results for 2017 = 0%)

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.