There are five parameters in the algorithm that are sitting on their bull-bear lines in the sand. All are a hair in the bull camp, hence, the stock market rallies on Friday. Volatility is the most important parameter currently dictating market direction. VIX is at 15.58 creating upward movement in equities. Bears need the VIX above 16.03 which would immediately stop the stock market rally.
Commodities, copper, the banks and the NYA index are all dancing on a knife-edge as Soybean Donny tweets about a great ag deal with China that will take a month or more to put to paper. The movement in these parameters are having the greatest influence on stock market direction. The bulls are cruising, for now, but be aware that the markets can turn on a dime considering that so many algorithm parameters are sitting on their bull-bear lines in the sand.
Keybot prints one pre-scheduled number this week on Thursday morning.
10/20/19;
7:00 PM EST =
10/17/19;
9:00 AM EST =
10/13/19;
7:00 PM EST = +88; signal line is +30
10/11/19;
1:46 PM EST = +88; signal line is +27
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