Thursday, December 20, 2018


Keybot the Quant remains short as the stock market drama continues. The bears remain in charge with the algo number 10 points below the signal line. Steady negative news bites keep stocks weak. Fed Chairman Powell harpooned equities yesterday. President Trump started crushing markets today by not agreeing to sign a stop-gap bill to prevent a government shutdown. So there is lots of negativity and doom and gloom in the air.

Utilities remain bullish which are the bulls big hope. UTIL is at 734 above the critical 733.60 bull-bear level for all of this week but only above by pennies. Next week this key level changes to 736.88 so the bulls need to push utes higher as the week ends or that portends a weak stock market come Monday.

Bulls need to keep UTIL above 733.60 and must also push copper higher. Bulls need CPER above 17.28.

Bears need weaker utilities, UTIL under 733.60, and stocks will collapse. Ho, whoa, whoa. UTIL is now printing 733.63........

12/23/18; 7:00 PM EST =
12/21/18; 10:00 AM EST =
12/20/18; 11:21 AM EST = -20; signal line is -10
12/19/18; 1:03 PM EST = -36; signal line is -11
12/19/18; 12:46 PM EST = -20; signal line is -11
12/18/18; 12:39 PM EST = -36; signal line is -11

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