Tuesday, September 10, 2019

STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long with the bulls in control. The algo number is 26 points above the signal line. Note that the bears were pressing hard before munch time but they folded like a cheap suit.

Bears need CPER below 16.39, and/or GTX below 2426.60 and/or VIX above 15.86. Copper and volatility created the price action in the quant today so that will likely continue tomorrow. If 1 of the 3 turn bearish, consider the caution flag out. If 2 of the 3 turn bearish, consider the imminent turn to the short side in play and if the SPX then falls below 2957, Keybot will likely flip short. Copper futures trade overnight and the VIX begins trading at 3 AM EST. As copper goes, so goes the markets.

Markets may be quiet tomorrow (hump day) since the world awaits King Draghi to bring the tablets down from on high and tell global traders how to trade Thursday morning. The central bankers are the market.

9/15/19; 7:00 PM EST =
9/13/19; 10:00 AM EST =
9/10/19; 11:52 AM EST = +84; signal line is +58
9/10/19; 11:21 AM EST = +70; signal line is +56
9/10/19; 10:58 AM EST = +54; signal line is +54 but algorithm remains long
9/10/19; 10:31 AM EST = +68; signal line is +53
9/10/19; 9:36 AM EST = +54; signal line is +51
9/10/19; 6:31 AM EST = +84; signal line is +50
9/10/19; 3:35 AM EST = +70; signal line is +48
9/9/19; 2:44 PM EST = +84; signal line is +45

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