Sunday, March 6, 2016

STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long cruising along without a care in the world. The algo number is 25 points above the signal line. The bulls will push the stock market sideways and sideways higher unless the bears can move the VIX above 19.70 and/or XLF under 21.73. If volatility and financials remain bullish, stocks will float higher. If GTX moves above 2151 and/or the SPX above 2027, the stock market will be moving strongly higher.

For the SPX starting at 2000, the bulls need to push above 2009 to quickly accelerate the upside towards 2020. The bears need to push under 1987 to unleash negativity and create a downside acceleration. A move through 1988-2008 is sideways action to begin the week. Keybot does not print any pre-scheduled numbers this week. The bulls are driving the bus; bears need higher volatility and lower banks.

3/13/16; 7:00 PM EST =
3/6/16; 7:00 PM EST = +51; signal line is +26
3/4/16; 9:00 AM EST = +51; signal line is +24
3/1/16; 2:49 PM EST = +51; signal line is +23

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