Monday, September 9, 2019

STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long with the algo number 39 points above the signal line. The quant was active today printing 7 numbers. The bulls are cruising. The bears were unsuccessful at pushing copper lower; it hung around the flat line all day and remains in the bull camp. At the same time, the bulls jam commodities higher to create stock market joy. Volatility danced around the bull-bear line in the sand and ended in the bull camp helping maintain buoyancy in the US stock market.

The bulls are in control. Bears need CPER below 16.39, GTX below 2426.40 and/or VIX above 15.87. The funny thing is that any or all three of these parameters could turn bearish without too much effort at all. If 1 of the 3 turn bearish, the stock market rally will stop. Bears likely need all 3 parameters, copper, commodities and volatility, respectively, back in their camp if they want to growl loudly. If all 3 parameters remain bullish, the stock market will rally higher and the SPX will be on its way back above 3K.

9/13/19; 10:00 AM EST =
9/9/19; 2:44 PM EST = +84; signal line is +45
9/9/19; 2:29 PM EST = +70; signal line is +43
9/9/19; 1:52 PM EST = +84; signal line is +40
9/9/19; 1:37 PM EST = +70; signal line is +37
9/9/19; 12:58 PM EST = +84; signal line is +35
9/9/19; 12:33 PM EST = +70; signal line is +32
9/9/19; 11:07 AM EST = +84; signal line is +30
9/8/19; 7:00 PM EST = +70; signal line is +28

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