Sunday, November 22, 2020


Keybot the Quant remains long as the new holiday-shortened week of trading is about to begin. US markets are closed on Thursday for Thanksgiving Day and Friday is a half-session (that is typically bullish). The bulls remain in charge of stock market direction with the algo number 32 points above the signal line.

The quant is tracking volatility and retail stocks as the two key parameters most impacting market direction currently. Bears need VIX above 26.04 (now at 23.70) and RTH below 151.30 (now at 154.40). These two parameters will likely tell the story for Monday. If both remain bullish, stocks float higher. If 1 of the 2 turn bearish, consider the caution flag out as stocks become soggy. If both parameters turn bearish, stocks will be selling off in earnest and consider the imminent turn to the short side to be in play.

Keybot prints two pre-scheduled numbers this week one on Tuesday morning and the other on hump day morning, Thanksgiving Eve. The month of November ends (EOM) on Monday a week hence. So there are only 4-1/2 trading days remining in the month before December begins on Tuesday, 12/1/20.

11/29/20; 7:00 PM EST =
11/25/20; 10:00 AM EST =
11/24/20; 10:00 AM EST =
11/22/20; 7:00 PM EST = +73; signal line is +41
11/18/20; 9:00 AM EST = +73; signal line is +38

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