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

Keybot the Quant remains long as the new week of trading is off and stumbling. The algo goes crazy printing six numbers thus far after the opening bell of the regular session. Keybot teases at going short but the parameters are not yet in line to permit the move.

The VIX bull-bear line in the sand is 19.39 (replacing the 19.09 number; the quant is continuously recalculating values) and price is at 19.26 on the bull side. Bears cannot get downside traction in the stock market with the lower volatility.

Watch VIX 19.39, RTH 97.70, SOX 1188 and XLF 24.81. Keybot is tracking all four of these parameters so volatility, retail stocks, chips and banks are the key to stock market direction ahead. If VIX moves above 19.39, and the SPX below 2570, Keybot will likely flip short, hence the imminent turn notation is in the title line.

1/17/19; 9:00 AM EST =

1/14/19; 11:39 AM EST = -6; signal line is -18

1/14/19; 10:22 AM EST = -20; signal line is -19 but algorithm remains long

1/14/19; 10:15 AM EST = -6; signal line is -20

1/14/19; 9:50 AM EST = -20; signal line is -21

1/14/19; 9:37 AM EST = -36; signal line is -22 but algorithm remains long

1/14/19; 9:36 AM EST = -20; signal line is -22

1/14/19; 3:06 AM EST = -4; signal line is -23