Thursday, February 8, 2018

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short as the market drama continues. Keybot was very active in the Wednesday session printing nine numbers. The bears are in control with the algo number 28 points below the signal line.

Bears need lower commodities to create more market carnage. Bulls need higher copper, banks and semiconductors to move the stock market higher.

Bears need GTX under 2512 now at 2548. Bulls need JJC under 36.12 now at 35.19, and/or XLF under 28.61 now at 28.41 and/or SOX under 1310 now at 1272.

If any one of the three JJC, XLF or SOX parameters turn bullish, consider the imminent turn to be in play. If 2 of the 3 flip bullish, and the SPX moves above 2728, Keybot will likely flip long. The key to the market direction today will be commodities, copper and banks.

The US dollar index moves higher overnight creating weakness in commodities. Copper futures are marginally lower. S&P futures are down -9, although trading all over the map, as this is typed 3 hours before the opening bell for the regular session. The beat goes on.

2/11/18; 7:00 PM EST =
2/7/18; 3:52 PM EST = +6; signal line is +34
2/7/18; 3:26 PM EST = +22; signal line is +35
2/7/18; 1:55 PM EST = +6; signal line is +36
2/7/18; 1:46 PM EST = +22; signal line is +38
2/7/18; 12:18 PM EST = +6; signal line is +39
2/7/18; 11:07 AM EST = +22; signal line is +41
2/7/18; 10:49 AM EST = +6; signal line is +42
2/7/18; 10:19 AM EST = +22; signal line is +44
2/7/18; 9:36 AM EST = +6; signal line is +45
2/6/18; 9:49 AM EST = +22; signal line is +48

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