Friday, September 27, 2019

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains bearish as the bulls and bears continue the battle. The algo was active yesterday printing 8 numbers. The bears are in control with the algo number 7 points below the signal line. The stock market remains a coin-flip. The bulls were trying to flip the quant long yesterday afternoon but failed.

Volatility and commodities tell the stock market direction story ahead. Bears need GTX below 2428.50 to take equities lower. Bulls need VIX below 15.88 to send stocks higher. The VIX is currently trading at 15.90, only 2 pennies on the bear side, about 5-1/2 hours before the opening bell for the regular US trading session. Whoopsies, daisies. There's VIX 15.88. You will have to see if the bulls can push the VIX below 15.88 to create a happy day into the weekend.

If VIX goes sub 15.88, and the SPX moves above 2987, Keybot will likely flip long. Watch VIX 15.88 since it tells you if the bulls or bears will win today. If VIX goes sub 15.88, consider the imminent turn to the long side to be in play. If VIX stays above 15.88, stock market bears will be happy.

9/29/19; 7:00 PM EST =
9/27/19; 10:00 AM EST =
9/26/19; 3:45 PM EST = +54; signal line is +61
9/26/19; 3:38 PM EST = +68; signal line is +62 but algorithm remains short
9/26/19; 2:18 PM EST = +54; signal line is +62
9/26/19; 9:55 AM EST = +40; signal line is +62

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