Sunday, January 20, 2019

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long as the world's global central bankers pump the stock market higher with dovish policy talk. The bulls are cruising with the algo number 30 points above the signal line. The bulls need stronger utilities and commodities to guarantee more upside joy. Bulls need UTIL above 710.29 and GTX above 2474.

Bears need weaker copper and higher volatility. Bears need CPER below 16.93 and VIX above 19.34 to create downside momentum. If one parameter turns bearish, consider the imminent turn to the downside to be in play. If both turn bearish, and the SPX is under 2648 and dropping, Keybot will likely flip to the short side. Watch copper and volatility overnight Monday into Tuesday morning for a heads up on the stock market. Keybot does not print any pre-scheduled numbers this week.

1/27/19; 7:00 PM EST =
1/20/19; 7:00 PM EST = +26; signal line is -4
1/18/19; 10:26 AM EST = +26; signal line is -7

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