STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long. The bulls sent commodities higher and cheered the GTX crossing above 2713 but then the GTX fell on its sword unable to maintain the joy. The algo number is only 3 points above the signal line.

Bulls need GTX above 2713 (now at 2706) to prove that the stock market rally will continue.

Bears need UTIL under 711.96 (now at 722) and/or SOX under 1361 (now at 1379). If either parameter slips bearish, and the SPX falls below 2796, Keybot will likely flip short. The bulls pumped utes and chips higher today. If either UTIL or SOX flips bearish, consider the imminent turn to the short side to be in play. Keybot prints the Friday pre-scheduled number before tomorrow's opening bell.

8/5/18; 7:00 PM EST =

8/3/18; 9:00 AM EST =

8/2/18; 1:05 PM EST = +70; signal line is +67

8/2/18; 12:51 PM EST = +84; signal line is +67

8/2/18; 10:06 AM EST = +70; signal line is +66