STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long and is unimpressed with this week's price action thus far. The algorithm only prints one number this week and that is the pre-scheduled number. Bulls remain in control of the stock market but the algo number is only 14 points above the signal line (things can change quickly).

The S&P 500 prints a new all-time record high at 3050.10 and new all-time closing high at 3046.77 on Wednesday, 10/30/19; the Federal Reserve rate decision and Chairman Powell press conference day. The central bankers are the market. 

Keybot appears to be tracking commodities as the most influential parameter impacting stock market direction. Bears need GTX below 2429 (now at 2448). If this occurs, the quant will likely be in position to go short. The bears would need to send the SPX below 3026 today to create true negativity.

Today is the last day of October, Halloween, EOM. October will be an up month for the stock market (SPX). Keybot prints pre-scheduled numbers this evening and tomorrow 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 = +88; signal line is +74

10/27/19; 7:00 PM EST = +88; signal line is +72