Monday, October 28, 2019

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long. The bulls are in control with the algo number 16 points above the signal line. S&P futures are up +8 with the VIX at 13.00 about 90 minutes before the opening bell for the regular US Monday trading session.

Bulls have jammed banks and chips higher, and volatility lower, to pump the stock market higher. Copper and commodities join the bull camp creating further upside joy as the stock market is set to print a new all-time record high.

Bears obviously need all these parameters to turn negative. Bears need the NYA to drop below 12800 (now at 13146) to create market negativity.

Keybot prints three pre-scheduled numbers this week one tomorrow, the second on Thursday evening for the EOM and the third on Friday morning.

11/3/19; 7:00 PM EST =
11/1/19; 9:00 AM EST =
10/31/19; 7:00 PM EST EOM =
10/29/19; 10:00 AM EST =
10/27/19; 7:00 PM EST = +88; signal line is +72
10/25/19; 10:00 AM EST = +88; signal line is +70

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.