Keybot the Quant remains long in lazy trading last week. There must be a lot of traders home nursing eggnog hangovers still yet. The algo number remain 43 points above the signal line so the bulls are cruising the stock market highway without a care in the world.
The battle for stock market direction to start the holiday-shortened week will be decided between the utes and the commodities and SPX.
Bulls need either GTX above 3498 and/or SPX above 4037. Either one will create a big upside rally and both will create a bullish orgy so obscene it will make Caligula blush.
Bears need UTIL below 977 to officially stop the upside path and introduce some market negativity.
Keybot prints one pre-scheduled number this week on Thursday morning.
1/22/23;
7:00 PM EST =
1/19/23;
9:00 AM EST =
1/15/23;
7:00 PM EST = +48; signal line is +5
1/13/23;
10:00 AM EST = +48; signal line is +3
1/10/23;
10:30 AM EST = +48; signal line is +0
1/9/23; 3:30 PM EST = +32; signal line is -3
1/9/23;
10:21 AM EST = +48; signal line is -5
1/9/23;
9:36 AM EST = +32; signal line is -8
1/8/23;
7:00 PM EST = +48; signal line is -10
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