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

Keybot the Quant remains long. Each time the bears poke their head above the foxhole, they are punched in the face. The bulls are in charge of the stock market direction with the algo number 13 points above the signal line. The SPX prints another new all-time record high at 3298.66, a smidgeon from 3.3K, and an all-time closing high at 3289.29 on Wednesday, 1/15/20. Keybot did not print any numbers in the hump day session.

The bulls have whipped the bears into submission. The vertical spike in the utilities is a dagger through the bear's gut. The quant is tracking volatility and commodities as the two main parameters currently dictating broad stock market direction. Bears need VIX above 13.70 and/or GTX below 2513. If either parameter turns bearish, and the SPX slips below 3281 trending lower, Keybot will likely flip short, hence, the imminent turn notation remains in the title line. These are erratic and unstable markets these days.

If volatility and commodities remain in the bull camp, the stock market will continue floating along sideways with an upward bias. S&P futures are up +12 with the VIX going sub 12 down to 11.90. The bulls slap the bears in the face again. Slap, slap. Floor traders anxiously await their "SPX 3.3K" hats at the opening bell. The Aussies received their "ASX200 7K" hats last night. What a joke it all is. The beat goes on.

1/19/20; 7:00 PM EST =
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