Keybot the Quant remains short. Friday was a mini Black Friday with the robot cruising along on the short side with the algo number 18 points below the signal line.
During the last hour of trading, volatility gave up the ship confirming the downside pain. There are many moving parts and undercurrents in the stock market currently.
Utilities, retail stocks and volatility are in the bear camp creating the Friday swoon. Banks, copper and commodities are in the bull camp trying to hold back the bears from driving stocks far lower.
Volatility will trade overnight and play at the VIX 20.52 line in the sand. Price is at 21.51 creating stock market negativity. Bears need the VIX to move higher. Bulls desperately need the VIX below 20.52 or they got buptkis and face nothing but pain and misery going forward.
Bulls also need UTIL above 1113.84 starting at 1110. Volatility and utes will tell you if the bulls have any hope going forward. If stocks rally and the dip-buyers are throwing cash at the market, but the VIX remains above 20.52, stocks will reverse and fall apart again.
Bears need banks and copper to drop about -1.7% each to create a big downside push and begin a rout. Bears need XLF below 51.43 and CPER below 37.38 to create market mayhem.
Keybot the Quant prints one prescheduled number this week on Friday morning shortly after the opening bell. Bulls are cheering for lower volatility and stronger utes while bears are cheering for weaker banks and copper to begin serious downside damage. Keep an ear to the wires this afternoon to see if King Donnie tries to pump the S&P futures that begin trading at 6 PM EST. Bring in the cheerleaders for Smells Like Teen Spirit.
6/14/26;
7:00 PM EST =
6/12/26;
10:00 AM EST =
6/7/26;
7:00 PM EST = +7; signal line is +25
6/5/26;
3:59 PM EST = +7; signal line is +27
6/5/26;
3:50 PM EST = +21; signal line is +28
6/5/26;
3:21 PM EST = +7; signal line is +29
6/5/26;
3:09 PM EST = +21; signal line is +30
6/5/26;
2:03 PM EST = +37; signal line is +31 but algorithm remains short
6/5/26;
10:56 AM EST = +21; signal line is +31
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.