Tuesday, September 25, 2018

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

Keybot the Quant remains long. The algo did not print any numbers on Monday but prints the pre-scheduled number and one other this morning. The algo comes off of the epic +100 number now only 6 points above the signal line. The chips turn weak over the last few minutes creating the slight negativity. Watch SOX 1370.25 since this will tell you if the stock market will go up or down today. For now, the SOX is at 1369 and change, a hair on the bear side, creating market negativity.

Bears will also benefit from VIX above 12.97 and/or UTIL below 710.89. Watch UTIL closely since a failure at 711 will forecast sustained trouble for the US stock market going forward. If either VIX or UTIL turns bearish, and the SPX is under 2913, Keybot will likely flip short, hence the imminent turn notation is in the title line. Watch those chips.

9/30/18; 7:00 PM EST EOM EOQ3 =
9/28/18; 10:00 AM EST =
9/25/18; 10:13 AM EST = +84; signal line is +78
9/25/18; 10:00 AM EST = +100; signal line is +78
9/23/18; 7:00 PM EST = +100; signal line is +76


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