STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long. Semiconductors and utilities control overall stock market direction on Monday to begin the new week of trading. The market bears push stocks south to begin the day and the algo wanted to flip short but the internal parameters would not fully latch to permit the move. Stocks rally throughout the afternoon as the banks rally on a steeper yield curve keeping the bulls in charge. The algo number is 17 points above the signal line.

The bulls need stronger commodities, GTX above 2710, to send stocks higher.

The bears need weaker utilities and chips, UTIL under 712.14 and SOX under 1356, respectively, to send the stock market lower. Keybot likely needs both parameters to turn bearish to position the model to go short or one parameter can turn bearish, then oscillate back above the level listed, then below again, which would hint that Keybot wants to flip short. If either parameter turns bearish, consider the imminent turn to the short side to be in play.

7/29/18; 7:00 PM EST =

7/27/18; 10:00 AM EST =

7/23/18; 12:39 PM EST = +70; signal line is +53

7/23/18; 12:15 PM EST = +54; signal line is +52

7/23/18; 11:55 AM EST = +38; signal line is +52 but algorithm remains long

7/23/18; 9:36 AM EST = +54; signal line is +52

7/22/18; 7:00 PM EST = +70; signal line is +52