Sunday, November 11, 2018

STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long as the stock market roller coaster ride continues. The bulls remain in control with the algo number 23 points above the signal line.

The bears need weaker banks, utilities and retail stocks to verify a downward direction ahead for the stock market. Bears need XLF below 26.98 (now at 27.121) and/or UTIL below 728.81 (now at 738).

Bulls will benefit from stronger copper and lower volatility. Bulls need CPER above 17.40 (now at 16.84). Keybot does not print any pre-scheduled numbers this week. Watch the banks. XLF 26.98 will immediately tell you the stock market direction for Monday after the opening bell. The beat goes on.

11/18/18; 7:00 PM EST =
11/11/18; 7:00 PM EST = +26; signal line is +3
11/9/18; 10:00 AM EST = +26; signal line is +3
11/7/18; 12:11 PM EST = +26; signal line is +2

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