STOCK MARKET BULLISH -- LONG -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains long as the market drama continues. UTIL was below 880.50 for most of the day so the bears had their chests puffed out but then the utilities popped above 880.50 in the final five minutes of trading punching the bears in the face. UTIL is at 882 after receiving that couple-point goose. The bulls are back in charge with the algo number 13 points above the signal line.

The US-China Phase One trade deal signing occurs tomorrow. The bulls are ready to rock and roll higher creating more new all-time record highs. The bears must either push UTIL below 880.50, GTX below 2514 and/or VIX above 13.70. If any one of these three turn bearish and the SPX drops below 3277 and trends lower, Keybot will likely flip short, hence the imminent turn notation remains in the title line. Stocks will become uber bearish if 2 of the 3 fail into the bear camp and stocks will be falling like rocks if all 3 turn bearish. If all 3 remains bullish, the bulls will print new record highs in the stock indexes while slapping the bears in the face for fun.

UTIL 880.50 is key and the bulls log a major victory today. Bears better push those utes south quick or they will be in for continued pain early this year into the springtime. In fact, the UTIL 866.66 level is the key bull-bear line in the sand for all of next week. So the bears not only have to send UTIL sub 880.50 this week but also push it below 867 by Friday at 4 PM EST. The drama continues. The price action remains erratic and unstable. Bears need weaker utes and commodities and higher volatility.

1/17/20; 10:00 AM EST =
1/17/20; 9:00 AM EST =

1/14/20; 3:59 PM EST = +88; signal line is +75

1/14/20; 10:08 AM EST = +72; signal line is +74 but algorithm remains long

1/14/20; 9:41 AM EST = +88; signal line is +75
1/13/20; 3:51 PM EST = +72; signal line is +74 but algorithm remains long