Friday, July 10, 2020


Keybot the Quant remains long. The bears flexed their muscles with banks failing but commodities hung in there and would not permit further selling. The quant did not print any numbers on Thursday.

Bulls need XLF above 23.17; it begins the Friday session at 22.68. Bears need GTX below 1681 (now at 1689). One of the two will flinch and dictate stock market direction forward. It is banks versus commodities. If banks remain bearish, and commodes bullish, the stock market will continue staggering and stumbling sideways like a drunk in Times Square.

If GTX drops below 1681, consider the imminent turn to the short side to be in play, and if the SPX then drops below 3116, Keybot will likely flip short. It would require a 36 point and more selloff in the S&P 500 today.

7/12/20; 7:00 PM EST =
7/8/20; 10:14 AM EST = +26; signal line is +14

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