Monday, November 19, 2018


Keybot the Quant remains short but is champing at the bit to go long as the new week of trading begins. The algo number is 7 points above the signal line so the model wants to flip long but the internal parameters are not yet fully latched to permit the move.

If the SPX moves above 2747 (starting the week at 2736), Keybot will likely flip long. S&P futures are -10 about 90 minutes before Monday's opening bell. Bulls will benefit from stronger banks. Bulls need XLF above 26.98 (now at 26.79) which will send the stock market higher.

Bears need weaker copper and utilities. Bears need CPER under 17.32 (now at 17.50) and UTIL under 723.51 (now at 729.43). Either parameter turning bearish will indicate that the bears are going to take the stock market south again.

Keybot prints two pre-scheduled numbers this week one on Tuesday morning and the other Wednesday morning. Thanksgiving Day is Thursday in the States so a holiday-shortened trading week begins. US markets will be closed on Thursday and only open for a half-day on Friday. Watch copper, utilities and banks. Copper futures trade down -0.4% so CPER will be moving lower.

11/25/18; 7:00 PM EST =
11/21/18; 10:00 AM EST =
11/20/18; 9:00 AM EST =
11/18/18; 7:00 PM EST = -4; signal line is -11 but algorithm remains short
11/16/18; 3:21 PM EST = -4; signal line is -11 but algorithm remains short

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