Keybot the Quant remains long. Is everyone having fun? The Fed decision is on tap in the week ahead so the drama will continue. The bulls are in charge with the algo number 27 points above the signal line. Retail stocks jump into the bull camp on Friday creating more lift in the stock market before a subtle pullback. The SPX prints a new all-time record high at 6128.18 on Friday, 1/24/25.
Bulls need to maintain strength in retail stocks to prove that the rich that own stocks, that were made filthy wealthy by the Fed's money-printing, are continuing to spend their dough to keep the economy going and delay recession, or not. Bulls must keep XRT above 79.62 so watch it closely. Also, bulls need higher utilities so any buoyancy in utes will be further evidence that the bulls are strong.
Bears need to push XRT below 79.62 pronto to have any chance of flipping the model short. If XRT fails, it tells you that some nasty stuff may be coming for the stock market. Bears need VIX above 16.88 and/or GTX below 3658 and/or CPER below 26.50. Of the 4 metrics listed, the quant likely needs to see at least 2 of them to turn bearish to be put in position to go short.
Bulls need to maintain strength in retail stocks while also consistently pulling utilities higher. Bears need to push retail stocks, commodities and copper lower, and volatility higher, to reintroduce stock market selling.
Keybot the Quant prints one prescheduled number this week on Friday morning. The month ends on Friday (EOM) so one month of trading in 2025 will already be in the bag.
2/2/25;
7:00 PM EST EOM =
1/28/25;
10:00 AM EST =
1/26/25;
7:00 PM EST = +46; signal line
is +19
1/24/25;
10:00 AM EST = +46; signal line
is +19
1/23/25;
10:54 AM EST = +46; signal line
is +18
1/22/25;
9:38 AM EST = +30; signal line
is +17
1/21/25;
3:54 PM EST = +46; signal line
is +16
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.