Monday, June 4, 2018

STOCK MARKET BULLISH -- LONG -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant flips to the long side at 2734 on Friday after the jobs report but note that the algorithm wants to flip back to the short side right now with the algo number 4 points below the signal line. The model likely wants to see the SPX under 2718 to flip short but the S&P 500 remains well above at 2745.

The market choppiness continues. Watch the banks. The stock market will catapult higher if the XLF moves above 27.82 (now at 27.61). Stocks will stall and likely leak lower if the XLF 27.82 cannot be attained.

Bulls will also benefit from UTIL moving above 685.76 (now at 680). Watch the utes as the week progresses because utilities leaking lower will forecast sickness in the stock market next week especially if UTIL drops below 665.85.

Keybot remains in the single ETF's exiting SH and entering SPY on the last trade. The benchmark SPX is up a coupe percent this year. The Keybot algo is up +1.3% this year. The actual trading is up +6%. The beat goes on. Use XLF 27.82, UTIL 685.76 and JJCTF 34.73 as your guide forward this week. The beat goes on.

6/10/18; 7:00 PM EST =
6/4/18; 10:14 AM EST = +52; signal line is +56 but algorithm remains long
6/4/18; 9:36 AM EST = +68; signal line is +57
6/3/18; 7:00 PM EST = +52; signal line is +57 but algorithm remains long
6/1/18; 2:11 PM EST = +52; signal line is +57 but algorithm remains long
6/1/18; 12:17 PM EST = +68; signal line is +57; go long 2734; (Benchmark SPX for 2018 = +2.2%)(Keybot algorithm program this trade = -1.2%; Keybot algo for 2018 = +1.3%)(Actual results this trade = -1.2%; Actual trading results for 2018 = +6.0%)
6/1/18; 12:06 PM EST = +68; signal line is +57 but algorithm remains short
6/1/18; 9:36 AM EST = +52; signal line is +57
6/1/18; 9:00 AM EST = +38; signal line is +57
5/31/18; 7:00 PM EST EOM = +38; signal line is +58
5/30/18; 9:48 AM EST = +38; signal line is +58
5/30/18; 11:38 AM EST = +52; signal line is +59
5/29/18; 3:59 PM EST = +38; signal line is +60
5/29/18; 1:37 PM EST = +24; signal line is +61
5/29/18; 10:00 AM EST = +38; signal line is +64
5/29/18; 9:36 AM EST = +38; signal line is +65; go short 2702; (Benchmark SPX for 2018 = +1.1%)(Keybot algorithm program this trade = +0.8%; Keybot algo for 2018 = +2.5%)(Actual results this trade = +0.4%; Actual trading results for 2018 = +7.2%)

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