Sunday, May 19, 2019

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant is on the short side in these ongoing erratic and choppy markets. The caution flag is out and the imminent turn to the long side would be in play if the XLF moves above 27.01 (now at 26.88). As the banks go, so goes the stock market.

Bulls will also benefit from RTH moving above 105.63 (now at 104.81) and VIX dropping below 15.06 (now at 15.96). If the banks, retail stocks and volatility remain bearish, stocks will sink. Keybot does not print any pre-scheduled numbers during the week ahead.

5/26/19; 7:00 PM EST =
5/19/19; 7:00 PM EST = +22; signal line is +37
5/17/19; 3:07 PM EST = +22; signal line is +37

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