Friday, March 29, 2019

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

Keybot the Quant remains long. The algo remains quiet. The pre-scheduled number prints with the algo number 9 points above the signal line so the bulls remain in control. XLF is up to 25.78 a hair from the critical 25.85-25.86 line in the sand. Price spiked at the open but then retreated. So this action in the banks tell you if the bulls can take stocks higher from here, or not. Bulls win big if XLF moves above 25.85. Bears remain in the game below 25.85.

The imminent turn notation remains in the title line but if banks turn bullish, that will disappear and the bulls will be back on cruise control with equities running strongly higher. Copper is up +2.4% and CPER spikes to 18.40 helping the bull case. The beat goes on.

3/31/19; 7:00 PM EST EOM EOQ1 =
3/29/19; 10:00 AM EST = +84; signal line is +75
3/26/19; 10:00 AM EST = +84; signal line is +73

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