Keybot the Quant remains long. The algo number is only 14 points above the signal line so the stock market remains a coin-flip. Banks, volatility and commodities are running the show.
Bulls need GTX above 3776 to create another leg higher in the stock market.
Bears need XLF below 33.20 and/or VIX above 25.73 to stop the rally dead in its tracks. Bulls are fine if these 2 parameters remain bullish. If one of the 2 parameters turn bearish, either one would do, consider the imminent turn to the downside to be in play, and if the SPX is below 4096 heading lower, Keybot the Quant will likely flip short.
The banks matter. Focus on the XLF 33.20 bull/bear line in the sand. Bears need weaker banks and higher volatility. Bulls need stronger commodities and copper.
8/7/22; 7:00 PM EST =
8/5/22;
9:00 AM EST =
7/31/22;
7:00 PM EST EOM = +9; signal line is -5
7/29/22; 10:00 AM EST =
+23; signal line is -7
7/29/22; 9:36 AM EST =
+23; signal line is -8
7/28/22; 11:34 AM EST = +9; signal line is -9
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.