Thursday, February 11, 2021


Keybot the Quant remains long and the quant is quiet all week long, so far. The bears are sleeping. The algo is tracking volatility and utilities. Bears need VIX above 24.63 (now at 21.666) which would immediately halt the stock market rally.

The SPX prints a new all-time record high at 3931.50 on Wednesday, 2/10/21 and new all-time record closing high at 3915.59 on Monday, 2/8/21.

Bears need UTIL below 858 (now at 871). For next week, the bulls need UTIL above 882 so it is going to have to start making a move towards this goal post. UTIL must be above 882 by 4 PM EST tomorrow, otherwise, it tells you that stocks will be weak come Monday. If utes rally today and tomorrow, it proves that the bulls got game. If utes languish today and tomorrow and begin slumping over, like Aunt Mildred after she eats too much cake, the rally is likely over. If UTIL falls through the 858 palindrome, the stock market rally is definitely over.

The bulls are in control. These are epic times. The price action remains erratic and unstable. Watch VIX 24.63 and UTIL 858 since they are the two rudders steering the stock market ship today.

2/14/21; 7:00 PM EST =
2/12/21; 10:00 AM EST =
2/8/21; 9:36 AM EST = +80; signal line is +33

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