Tuesday, January 17, 2017


Keybot the Quant remains long to begin the holiday-shortened trading week. Utilities jump higher as the Treasury yields drop lower. The algo prints two numbers to begin the week. Sound the seven trumpets! The algorithm tags the +100 level the highest number possible for the model! This is interesting since it occurs in a down tape. Stocks are well off their initial lows. The bulls are in control.

Market bears need UTIL under 663.25 or they got nothing. UTIL has come down to test this level four times over the last one-half hour and the bulls keep pumping utes higher. Weak financials will also help bears. XLF would need to drop below 22.75 (now at 23.15) to create broad stock market selling. Retail stocks rally strongly which prohibits the broad stock market from falling to any great extent.

1/22/17; 7:00 PM EST =
1/19/17; 9:00 AM EST =
1/17/17; 10:07 AM EST = +100; signal line is +68
1/17/17; 9:36 AM EST = +84; signal line is +66
1/15/17; 7:00 PM EST = +68; signal line is +65

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