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

Keybot the Quant remains long as the epic stock market drama continues. The SPX prints a new all-time high at 3267.07. Oddly, the quant keeps printing numbers that want to flip the model short. The internal parameters will not yet fully latch to permit the move. The Thursday session will be important.

The bears need SPX below 3237 to likely flip Keybot short. The stock market begins the Thursday session at SPX 3253 so bears need 16 negative points. Bears will create market mayhem if they push VIX above 14.07, CPER below 17.20 and/or RTH below 119.30.

The bulls need strong utilities and must push UTIL above 876.46 as soon as possible. Not only that, but the bulls must push UTIL above, and keep it above, 880.50, for all of next week. If UTIL cannot reach these bull targets, it is a very ominous signal for the US stock market going forward.

Bears need the SPX below 3237, higher volatility and lower copper. Bulls need stronger utilities. Who will flinch?

1/12/20; 7:00 PM EST =

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

1/8/20; 7:50 AM EST = +72; signal line is +77 but algorithm remains long

1/8/20; 7:15 AM EST = +58; signal line is +77 but algorithm remains long

1/8/20; 6:43 AM EST = +72; signal line is +78 but algorithm remains long

1/8/20; 3:06 AM EST = +58; signal line is +79 but algorithm remains long

1/7/20; 10:12 AM EST = +72; signal line is +80 but algorithm remains long