Keybot the Quant remains short. The wheels fell off the stock market on Friday morning with utilities failing. Also, the chips are down, literally and figuratively, creating further weakness. The bears are cruising with the algo number over 50 points below the signal line. The bull's sh*t the bed last week.
UTIL lost the 975 level opening a trap-door for stocks. UTIL begins this week at 963 and bulls need it back above 975. If the utes remain sub 975, it is a terrible omen for the stock market going forward.
Watch the chips since that was the main game occurring on Friday. Bulls need SOX back above 2637.40 (now at 2636.10). This is uber important and will tell you the direction of the stock market ahead. If SOX remains below 2637, the stock market will fall apart.
Bulls also need NYA above 15188 (now at 15018) pronto to stop the selling and prove that a come-back rally can materialize.
Keybot prints 3 pre-scheduled numbers this week one on Tuesday morning, another on Wednesday morning and the third on Friday morning going into Christmas weekend.
12/25/22;
7:00 PM EST =
12/23/22;
10:00 AM EST =
12/21/22;
10:00 AM EST =
12/20/22;
9:00 AM EST =
12/18/22;
7:00 PM EST = -37; signal line is +14
12/16/22;
3:59 PM EST = -37; signal line is +16
12/16/22;
3:34 PM EST = -21; signal line is +19
12/16/22;
10:30 AM EST = -37; signal line is +21
12/16/22;
9:36 AM EST = -21; signal line is +23
12/15/22; 3:47 PM EST = -5; signal line is +25
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