Keybot the Quant remains long. The S&P 500 prints above 2600 last Thursday and on Friday closes above 2600 for the first time in history. The bulls, and central bankers, are unstoppable. The algo identifies volatility and banks as the two key parameters most impacting stock market direction currently. The market bears need either VIX above 10.63 and/or XLF below 26.02. If both parameters remain bullish, stocks will continue floating higher.
If either parameter turns bearish, and the SPX drops under 2600, Keybot will likely flip short. Bears need higher volatility and lower banks otherwise the beatings will continue. Keybot prints two pre-scheduled numbers this week. The month ends on Thursday. November started at SPX 2575.26 so bears would need a 27-point pull back within the next four days to turn the month negative. The bulls remain in firm control of the stock market. The algorithm remains pegged at the epic maximum +100 level.
12/3/17; 7:00 PM EST =
11/30/17;
7:00 PM EST EOM =
11/28/17;
10:00 AM EST =
11/26/17; 7:00 PM EST = +100; signal line is +86
11/22/17; 10:00 AM EST = +100; signal line is +84
11/22/17; 10:00 AM EST = +100; signal line is +84
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