Tuesday, June 26, 2018

STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains short as the bears came to play yesterday beginning the week with a bloodbath. Keybot prints a pre-scheduled number minutes ago. The algo number is comfortably (for the bears) 29 points below the signal line. The chips (SOX) failed at the opening bell yesterday sending the stock market down the rabbit hole. Banks are down for 12 consecutive days a historic record.

The bears are cruising and would receive more downside fuel if GTX (commodities) drops below 2695. The bulls need UTIL above 712.65 and VIX below 16.18. If one of the two parameters turn bullish consider the caution flag out. If both parameters turn bullish, consider the imminent turn to the long side to be in play.

GTX is at 2706, UTIL at 710 and VIX at 16.30 printing the LOD. Volatility will tell you a lot today. The VIX 16.18 bull-bear line in the sand is key; watch it like a hawk.The beat goes on. 

7/1/18; 7:00 PM EST EOM EOQ2 EOH1 =
6/29/18; 10:00 AM EST =
6/26/18; 10:00 AM EST = +8; signal line is +37
6/25/18; 1:34 PM EST = +8; signal line is +40
6/25/18; 1:23 PM EST = -6; signal line is +42
6/25/18; 10:08 AM EST = +8; signal line is +45
6/25/18; 9:36 AM EST = +22; signal line is +47
6/24/18; 7:00 PM EST = +38; signal line is +49

No comments:

Post a Comment

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