Friday, June 29, 2018

STOCK MARKET BEARISH -- SHORT -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains short despite the upside market joy. The pre-scheduled number prints a few minutes ago and the bulls and bears are battling with only 2 points separating the algo number from the signal line.

Lower volatility is helping the bulls create the rally in stocks this morning. Utilities are sluggish and help maintain the bears in a dominant position.

Watch VIX 16.21 today as a bull-bear line in the sand. Equities will likely remain buoyant into the weekend if VIX remains below 16.21 and price is now at 15.29. Bears will drive stocks into the ground later today if the VIX moves above 16.21. The UTIL 712.76 level is very important for the days ahead. The beat goes on.

7/1/18; 7:00 PM EST EOM EOQ2 EOH1 =
6/29/18; 10:00 AM EST = +22; signal line is +24
6/29/18; 4:50 AM EST = +22; signal line is +25
6/28/18; 3:30 PM EST = +8; signal line is +25
6/28/18; 1:02 PM EST = +24; signal line is +25
6/28/18; 12:50 PM EST = +8; signal line is +25
6/28/18; 9:36 AM EST = +24; signal line is +27
6/27/18; 3:20 PM EST = +8; signal line is +28

No comments:

Post a Comment

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