Bulls need stronger copper to keep taking the stock market higher. Bears need higher volatility and lower commodities, banks and chips to stop the stock market rally and turn things south. Interestingly, a couple hours in front of Monday's opening bell, both futures and volatility are higher; thus, one of them is wrong. S&P +7. VIX 12.36.
Market bears will benefit from VIX above 13.65 and/or GTX under 2704.25 (now at 2722), otherwise, the bulls will continue cruising along with their feet up on the dash.
Keybot prints two pre-scheduled numbers this week one on Tuesday morning and the other Friday morning. The last day of August trading (EOM) is on Friday. September trading begins on Tuesday, 9/4/18. US markets will be closed for Labor Day next Monday, 9/3/18. Stocks tend to move higher into three-day holiday weekends.
9/2/18;
7:00 PM EST EOM =
8/31/18;
10:00 AM EST =
8/28/18;
10:00 AM EST =
8/26/18; 7:00 PM EST = +84;
signal line is +58
8/24/18; 9:36 AM EST =
+84; signal line is +58
8/23/18;
10:30 AM EST = +70; signal line is +57; go long 2868; (Benchmark SPX for
2018 = +7.3%)(Keybot algorithm program this trade = -1.5%; Keybot algo for 2018
= +4.7%)(Actual results this trade = -2.9%; Actual trading results for 2018 =
+11.5%)
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