Thursday, July 30, 2020

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant is on the short side as of this morning and the drama continues. The algo wanted to flip long a short time ago but the bears bring utilities back into their camp to stop the upside joy.

UTIL is at 823.70. Bulls win above 824. Bears win below 824. Over the last 45 minutes, GTX drops from 1710 to 1698 right now. NYA is at 12509. The cat and mouse game continues. The four big tech stocks, GOOG, AAPL, AMZN and FB, report earnings after the bell. 

8/2/20; 7:00 PM EST EOM =
7/31/20; 10:00 AM EST =
7/30/20; 1:36 PM EST = +37; signal line is +43
7/30/20; 12:22 PM EST = +53; signal line is +43 but algorithm remains short
7/30/20; 11:08 AM EST = +37; signal line is +44

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