Wednesday, January 25, 2017


Keybot the Quant is back on the long side as the sideways choppy slop continues. The algo number is 3 points above the signal line so the markets remain dicey. S&P futures are up +7 about three hours before Wednesday's opening bell for the regular session. The VIX collapses to a 10-handle at multi-year lows slapping the bears in the face. Slap, slap.

Bulls need UTIL above 664 to receive more upside juice. Bears need UTIL under 652 and/or RTH under 76.64 to push the stock market lower. Status quo will send stocks sideways to sideways higher. 

For the SPX starting at 2280, the bulls need to touch the 2285 handle and bingo, the S&P 500 will be above 2290 in a heartbeat targeting 2300. The bears need to push under 2267 to regain their downside mojo. A move through 2268-2284 is sideways action for hump day. The beat goes on.

1/29/17; 7:00 PM EST =
1/27/17; 10:00 AM EST =
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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