Tuesday, October 29, 2019

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long as the bulls pump stocks to new all-time record highs. The SPX prints a new record high at 3044.08 and new all-time closing high at 3039.42 on 10/28/19. The bears are running for their lives creating short-covering fuel for the upside rally.

The algo did not print any numbers on Monday but will print a pre-scheduled number later this morning. The bulls are cruising. Bears need weakness in commodities and higher volatility. Markets may idle sideways until Fed Chairman Powell brings the tablets down from on high on Wednesday afternoon. The central bankers are the market.

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

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