Keybot the Quant remains long as the new week is off and stumbling. The bulls control stock market direction with the algo number 14 points above the signal line. The bears can turn the stock market negative with weaker utilities, retail stocks and higher volatility(any 1 of the 3). Bulls need higher copper to prove that they can take stocks higher.
Bears need UTIL below 919.25, RTH below 175.55 and/or VIX above 17.29 to cause market mayhem. The amount of mayhem is proportional to the number of parameters flipping short. UTIL has come down to 919.90 today and VIX up to 17.39 (but could not hold above). Since utilities and volatility are teasing they are the two to watch which would change the stock market trend to the downside.
Bulls need CPER above 26.78.
8/15/21;
7:00 PM EST =
8/13/21;
10:00 AM EST =
8/8/21;
7:00 PM EST = +72; signal line is +58
8/6/21;
9:00 AM EST = +72; signal line is +57
8/5/21; 3:54 PM EST = +72; signal line is +57
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