Saturday, May 12, 2018

STOCK MARKET BULLISH -- LONG

Keybot the Quant is long as the bulls put together a multi-day run higher in the stock market. Copper jumps into the bull camp creating the lift in the Friday session. Most major stock market parameters are bullish. UTIL ends the week at 689 above the key 684 level which will provide lift to stocks on Monday. Bulls next need UTIL above the 717-718 level to signal wild upside for stocks ahead.

Market bears need UTIL under 684.48 pronto. Bears also need JJCTF under 34.80 and XLF under 27.81. Utes, copper and banks determine stock market direction currently. The bulls are cruising with the algo number 37 points above the signal line.

5/20/18; 7:00 PM EST =
5/16/18; 9:00 AM EST =
5/13/18; 7:00 PM EST =
5/11/18; 10:00 AM EST = +68; signal line is +31
5/11/18; 9:36 AM EST = +68; signal line is +28
5/9/18; 12:37 PM EST = +52; signal line is +27

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