Tuesday, March 26, 2019

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

Keybot the Quant remains long as the Tuesday trade is underway. Yesterday, the algo prints two numbers and threatened to flip short but the internal parameters would not fully latch to permit the move, and today the bulls are flexing their muscles again. The bulls are in control with the algo number 11 points above the signal line.

Keybot just printed a pre-scheduled number and also printed a pre-scheduled number before the opening bell. The data releases are only now getting back to a normal schedule after the government shutdown.

The battle between banks and copper continues. XLF is at 25.43 creating market negativity under 25.86. CPER is at 17.93 creating market positivity above 17.78. One of these two will flinch and tell you the stock market directional path ahead. If copper turns bearish, and the SPX drops below 2785, Keybot will likely flip short.

Since the S&P 500 target for today is way down at 2785 and price is currently at 2825, the flip to the short side will likely not occur today. But watch this battle continue and pay extremely close attention to the LOD today which is currently at 2812.66 (this LOD today will be important tomorrow). The beat goes on.

3/31/19; 7:00 PM EST EOM EOQ1 =
3/29/19; 10:00 AM EST =
3/26/19; 10:00 AM EST = +84; signal line is +73
3/26/19; 9:00 AM EST = +84; signal line is +71
3/25/19; 10:57 AM EST = +84; signal line is +70
3/25/19; 9:51 AM EST = +68; signal line is +70 but algorithm remains long
3/24/19; 7:00 PM EST = +84; signal line is +69

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