Keybot the Quant remains long with the algo number 38 points above the signal line. The bulls are cruising keeping NYA above 15065-15068 and retail stocks rally creating another leg higher for stocks.
The bulls need stronger commodities to keep the upside party going. Bulls need GTX above 3365 (now at 3280) to create more upside in stocks. Stronger banks and utilities will also help bulls.
The bears need weaker retail stocks and NYA index and higher volatility. Bears need RTH below 160, NYA below 15065 and/or VIX above 20.97. Any 1 of these 3 will stop the rally in stocks and require the 'caution' sign in the title line. 2 of the 3 will turn markets very negative and require the 'turn may be imminent' notation in the title line. All 3 are likely required to flip the model short.
4/2/23;
7:00 PM EST EOM EOQ1 =
3/31/23;
10:00 AM EST =
3/30/23;
9:36 AM EST = +12; signal line is -26
3/29/23;
11:37 AM EST = -4; signal line is -27
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.