Keybot the Quant remains short but is champing at the bit to jump back on the long side with the algo number 11 points above the signal line. The chop suey year continues with erratic and unstable price action.
The bulls need to push the SPX above 5949 for Keybot the Quant to likely flip long. That is only +7 points higher in the futures that are now trading up +4 on Sunday evening on the East Coast. The bulls are so close to taking over control, they can smell it. The turn may be imminent.
Bears need weaker chips and to push SOX below 5062 to reintroduce stock market negativity. Bears also need VIX above 17.03 or they got buptkis and will fold like a cheap suit.
Bulls can probably flip the model long with +7 SPX points, and stocks would then run higher on stronger retail stocks and banks. Bulls need XRT above 80.00 and/or XLF above 48.63 and stocks will run to the moon. If stocks rally, but retail stocks and banks are negative, that would tell you that the upside may be a fake-out.
Bulls need SPX 5949 and higher to sing a happy tune and likely flip Keybot to the long side, while bears need SOX below 5062 to reintroduce selling pressure. It is a year of choppy slop so far. Keybot prints two pre-scheduled numbers this week both on Friday morning. Who will be the Leader of the Pack?
1/12/25;
7:00 PM EST =
1/10/25;
10:00 AM EST =
1/10/25;
9:00 AM EST =
1/5/25;
7:00 PM EST = -2; signal line is
-13 but algorithm remains short
1/3/25; 11:25 AM EST = -2;
signal line is -12 but algorithm remains short
1/3/25; 11:14 AM EST = -16; signal line is -11
1/3/25; 11:04 AM EST = -2; signal line is -9
but algorithm remains short
1/3/25; 9:36 AM EST = -16; signal line is -8
1/2/25; 12:30 PM EST = -32; signal line is -7
