Tuesday, September 15, 2020


Keybot the Quant remains short, but is champing at the bit to go long, as stocks float higher into the Fed decision and press conference tomorrow. The algo number and signal line are both at +20. The model prints two numbers today.

If the SPX moves above 3419, Keybot will likely flip long. Bulls need the S&P 500 to move steadily higher and not gap-up which may delay the potential move to the long side.

UTIL 826.52 and 829.62 are key lines in the sand and the utilities came up to test these levels, and failed.Bulls need UTIL above 827 and 830 which will create strong upside and keep equities buoyant into year-end. Bulls also need GTX above 1718 to receive more fuel. Bulls are poised to take over tomorrow since the quant is already in position to go long without utes or commodities.

Bears need weaker banks and higher volatility. Bears need XLF below 24.55 and VIX above 27.53 which will create immediate selling pressure on the stock market. The Powell show is coming to town tomorrow.

9/20/20; 7:00 PM EST =
9/18/20; 10:00 AM EST =
9/17/20; 9:00 AM EST =
9/15/20; 12:00 PM EST = +20; signal line is +20 but algorithm remains short
9/15/20; 10:09 AM EST = +36; signal line is +21 but algorithm remains short

9/13/20; 7:00 PM EST = +20; signal line is +21

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