Friday, December 20, 2019

STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long as the bulls control the stock market while singing songs each day. The Federal Reserve money pump in Q4 has sent equities to the moon. The S&P 500 prints a new all-time record high at 3205.48 and all-time closing high at 3205.37 above the 3.2K level for the first time in history. The view from the permanent plateau is astounding.

The quant's parameters are pegged to the upside. It is interesting that the model continues calling for a housing recession as stocks make new record highs. Keybot is tracking several parameters currently with volatility at the top of the list. Bears need the VIX above 14.84 (now at 12.48) if they want to growl. If the VIX remains below 14.84, the bulls rule.

Keybot prints a pre-scheduled number shortly after the opening bell this morning. The bulls saved the utilities this week. Commodities and copper rally on the happy US-China trade deal. The quant has not printed any numbers this week except for the pre-scheduled number. Everything is jammed to the upside on the Fed's easy money. Everyday is a party in the stock market, however, the underlying price action remains unstable and erratic.

12/22/19; 7:00 PM EST =
12/20/19; 10:00 AM EST =
12/17/19; 9:00 AM EST = +88; signal line is +54
12/15/19; 7:00 PM EST = +88; signal line is +53

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