Tuesday, June 20, 2017

STOCK MARKET BULLISH -- LONG -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains long but the algo is champing at the bit to go short. The algo number is 13 points under the signal line. The market bears have it on a silver platter if they want it. Copper and retail stocks have failed. JJC is under the critical 29.43 and RTH is under the 81.51 bull-bear line both creating stock market weakness.

If the SPX drops under 2442, and remains under heading lower, Keybot will likely flip short. The imminent turn is very much in play right now. High drama. The SPX is at 2445 and has printed a LOD so far at 2444.07. Bears need to eat some spinach like Popeye so they can push a few points lower if they want to start a stock market selloff.

If the VIX moves above 11.62, the stock market will be tumbling lower in earnest. Market bulls will restart the happy upside in stocks if JJC moves above 29.43 or if RTH moves above 81.51. The beat goes on. Do the bears finally have the oomph to flip the model short or do the bulls slap them in the face again like the last couple weeks?

6/25/17; 7:00 PM EST =
6/20/17; 9:36 AM EST = +54; signal line is +67 but algorithm remains long
6/19/17; 1:19 PM EST = +70; signal line is +67

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