Friday, July 14, 2017

STOCK MARKET BULLISH -- LONG

Keybot the Quant remains bullish. Copper and utilities run higher pumping the stock market higher. The bulls are slapping the bears in the face. Slap, slap. The pre-scheduled number prints today but nothing else with the algo number 22 points above the signal line. Bulls are partying all weekend long.

UTIL ends the week at 707.35 way above the critical 699.22 level in play for all of next week. Everything is going the bull's way. The two major areas that the stock market bulls will need to move equities higher are the retail stocks and commodities. Bears need lower copper and utilities and higher volatility. The VIX is down to 9.51 at and near the lowest level in its history.

7/16/17; 7:00 PM EST =
7/14/17; 10:00 AM EST = +70; signal line is +48
7/11/17; 11:40 AM EST = +70; signal line is +48

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