Sunday, September 20, 2020


Keybot the Quant remains long as the new week of trading is set to begin. The bulls are in charge of the stock market direction despite last week's sogginess through the new moon. The algo number is 10 points above the signal line.

Bulls need UTIL above 793 during the week ahead to gain stock market strength. Price begins the week at 798 making for happy bulls. Utilities are the key for the bulls that need to see UTIL climb back above 8 hundo and remain elevated. This tells you that any near-term selloff will probably not be too bad and stocks will likely remain buoyant into year-end. Bulls would then need UTIL above 829 which will send the stock market back to record highs.

Bears need UTIL below 793 as soon as possible preferably out of the gate on Monday to create stock market negativity. Bears need higher volatility, VIX above 27.54, which will usher in strong downward selling pressure. VIX begins the week at 25.83. Bears likely need both UTIL and VIX to flip to the bear camp to flip Keybot to the short sideKeybot does not print any pre-scheduled numbers this week.

9/27/20; 7:00 PM EST =
9/20/20; 7:00 PM EST = +34; signal line is +24
9/18/20; 1:53 PM EST = +34; signal line is +23

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