Thursday, April 7, 2022

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short but the algo number is only 11 points below the signal line. Bears need the SPX below 4463, weaker retail stocks and higher volatility while bulls need a higher NYA index.

Bears need SPX below 4463, RTH below 180.45 and VIX above 24.22 to create a Highway to Hell. Bulls need the NYA above 16693 to sing O Happy Days.

If NYA moves above 16693, and the SPX is above 4504 moving higher, Keybot the Quant will likely flip long. For now, the caution flag is out but if NYA goes bullish, consider the imminent turn to the long side to be in play.

SPX 4463, RTH 180.45, VIX 24.22 and NYA 16693 are the only parameters that matter to finish out the week. If SPX 4463 fails, things are going to turn very ugly and carnage is likely on tap.

4/10/22; 7:00 PM EST =
4/6/22; 2:45 PM EST = +41; signal line is +52
4/6/22; 2:36 PM EST = +25; signal line is +53
4/6/22; 2:20 PM EST = +11; signal line is +54
4/6/22; 2:13 PM EST = +25; signal line is +56
4/6/22; 1:07 PM EST = +41; signal line is +59
4/6/22; 11:51 AM EST = +25; signal line is +60
4/6/22; 10:06 AM EST = +11; signal line is +61
4/6/22; 9:41 AM EST = +25; signal line is +61
4/5/22; 9:46 AM EST = +41; signal line is +62
4/3/22; 7:00 PM EST = +55; signal line is +63
4/1/22; 3:53 PM EST = +55; signal line is +63
4/1/22; 3:43 PM EST = +39; signal line is +63
4/1/22; 1:44 PM EST = +55; signal line is +64
4/1/22; 12:09 PM EST = +41; signal line is +64
4/1/22; 9:46 AM EST = +55; signal line is +65

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.