Keybot the Quant remains long. The bulls are in control with the algo number 32 points above the signal line. The quant is very active this week printing 13 numbers at the mid-week point. UTIL keeps standing on the 956.78 trap-door.
The bulls are using the retail stocks, chips, utilities and volatility for strength. The bears are trying to keep the banks and commodities in their camp and at the same time grab one of the bull's parameters to create negativity.
Bears need UTIL under 956.78 (the trap-door) and VIX above 26.30 to stop the rally.
Bulls need XLF above 32.90 (now at 32.72) to create more upside joy. GTX above 3788 (now at 3700) will also send stocks strongly higher. The banks are the tell.
If XLF stalls here and cannot move above 32.90, it tells you the bears are going to push back hard and attack the utes and volatility. If XLF pierces up through 32.90, it is game on for more big upside in stocks as the shorts panic.
7/24/22;
7:00 PM EST =
7/20/22;
12:02 PM EST = -6; signal line is -38
7/20/22;
9:44 AM EST = -22; signal line is -39
7/19/22;
12:36 PM EST = -6; signal line is -40
7/19/22;
12:09 PM EST = -22; signal line is -42
7/19/22;
10:26 AM EST = -6; signal line is -42
7/19/22;
9:48 AM EST = -22; signal line is -43
7/19/22;
9:36 AM EST = -38; signal line is -44
7/19/22;
9:00 AM EST = -54; signal line is -44 but algorithm remains long
7/18/22;
3:45 PM EST = -54; signal line is -45 but algorithm remains long
7/18/22;
11:27 AM EST = -38; signal line is -45
7/18/22;
10:18 AM EST = -22; signal line is -46
7/18/22;
9:38 AM EST = -38; signal line is -47
7/18/22; 9:36 AM EST = -22; signal line is -47
7/17/22;
7:00 PM EST = -38; signal line is -47
7/15/22;
3:08 PM EST = -38; signal line is -46
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