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

Keybot the Quant remains long as the bulls and bears are in a knock-down, drag-out battle for stock market direction. The algo number and signal line are dead even at +54 but the internal parameters are not yet fully latched to permit the move to the short side.

Stock market direction is currently controlled by utes, chips and commodities.

The bulls need either SOX above 1355 (now at 1347) and/or GTX above 2710.75 (now at 2695). Either parameter flipping bullish tells you that the bulls are going to take the stock market higher.

The bears need UTIL under 712.14 (now at 716.61) to send the stock market lower. If UTIL turns bearish and the SPX drops below 2811, Keybot will likely flip short, hence the imminent turn is in play. Bears will benefit from a slow and steady move lower. If stocks gap down on the hump day open, this will likely delay the flip to the short side.

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

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

7/24/18; 3:34 PM EST = +54; signal line is +54 but algorithm remains long

7/24/18; 12:49 PM EST = +38; signal line is +54 but algorithm remains long

7/24/18; 9:36 AM EST = +54; signal line is +53

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