STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long. The algo is very active to begin the week printing 8 numbers on Tuesday the first day of trading for September and after the Labor Day holiday in the States. The bulls remain in control with the algo number 11 points above the signal line. The S&P 500 print its low at the 10 AM EST hour yesterday and stocks never came back down to take this low so you knew the bears did not have a lot of gusto.

S&P futures are up +27 as this is typed about 5 hours before the opening bell for the regular US Wednesday trading session. This move, if it holds through the open, will wipe out all of yesterday's negativity with room to spare. Hong Kong's corrupt communist puppet leader Lam withdraws the extradition bill, that launched the ongoing 13 weeks of protests, sending global stocks higher this morning.

Bears need weaker semiconductors and NYA index. Bulls need stronger banks, copper and commodities. These parameters tell you who wins going forward.

Bears need SOX below 1477 and/or NYA below 12555. Bulls need XLF above 27.14, CPER above 16.41 and/or GTX above 2418. Any change in these parameters will push the broad stock market in that same direction. If status quo remains, and none of the parameters switch sides, stocks will chop sideways with an upward bias. The beat goes on.

9/8/19; 7:00 PM EST =

9/6/19; 9:00 AM EST =

9/3/19; 3:21 PM EST = +24; signal line is +13

9/3/19; 12:36 PM EST = +8; signal line is +11 but algorithm remains long

9/3/19; 12:20 PM EST = +24; signal line is +10

9/3/19; 12:01 PM EST = +8; signal line is +9 but algorithm remains long

9/3/19; 11:54 AM EST = +24; signal line is +8

9/3/19; 11:16 AM EST = +8; signal line is +8 but algorithm remains long

9/3/19; 10:54 AM EST = +24; signal line is +9
9/3/19; 10:10 AM EST = +8; signal line is +9 but algorithm remains long
9/1/19; 7:00 PM EST EOM = +24; signal line is +9