Bulls will continue rallying equities higher unless the bears can send either NYA below 12532 (now at 12580) or SOX below 1473 (now at 1479). Since both parameters are only a few dollars from their bull-bear lines in the sand, the NYSE Composite and chips will tell the stock market direction story going forward. If either parameter flips into the bear camp, the algo will be in the imminent turn (to the downside) status. If NYA or SOX turn bearish, either one would do, and the SPX drops below 2865, Keybot will likely flip back to the short side.
Keybot does not print any pre-scheduled numbers this week so stocks are at the mercy of news bites, economic data and the remaining earnings reports. Obviously the president's tweets and the US-China trade war rhetoric, on both sides, is sending the stock market to and fro and maintaining the historically erratic and unstable price behavior.
8/25/19;
7:00 PM EST =
8/18/19;
7:00 PM EST = +12; signal line is -2
8/16/19;
10:57 AM EST = +12; signal line is -2; go long 2888; (Benchmark SPX for
2019 = +15.2%)(Keybot algorithm program this trade = -0.3%; Keybot algo for
2019 = +11.0%)(Actual results this trade = -0.4%; Actual trading results for
2019 = +22.7%)
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