Keybot the Quant remains long. The bulls jam the banks higher which leads to euphoric stock market gains. XLF pops above 25.86 at the opening bell and it was over for the bears. The SPX is currently printing 2862 with about 45 minutes remaining in the Monday trade. Keybot prints another maximum +100 reading. The euphoria, fearlessness and complacency is creating a joyous stock market party.
Interestingly, copper turns negative and is down -0.3% on the session. The key is the banks. XLF 25.86 remains key. Ditto CPER 17.85. The bulls are cruising with the algo number 22 points above the signal line.
4/7/19;
7:00 PM EST =
4/5/19;
9:00 AM EST =
4/1/19; 9:36 AM EST = +100;
signal line is +78
3/31/19;
7:00 PM EST EOM EOQ1 = +84; signal line is +76
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