STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long as the SPX prints another new all-time record high at 3197.71 and new all-time record closing high at 3191.45. Every day is wine and roses. Keybot did not print any numbers during the Monday session. The pre-scheduled number prints in about 3 hours.

Housing Starts are key this morning. The quant has identified the start of a housing recession in July but since then the central bankers have been printing money like madmen. The housing sector has received a boost with Starts at long-term record highs so the data is very important this morning and each month ahead. It will be interesting to see if Keybot rejects the recession call or continues on its merry way predicting trouble ahead for housing.

Note how UTIL was jammed higher to 867 well away from the 848.30 line in the sand. The bulls want no part of this level since doom and gloom begins below 848.

Bears need higher volatility and need to push the VIX above 14.84 (VIX is now trading at 12.30 with S&P futures down -5) if they expect to growl. The bulls are cruising along without a care in the world.

12/20/19; 10:00 AM EST =

12/17/19; 9:00 AM EST =

12/15/19; 7:00 PM EST = +88; signal line is +53