Thursday, January 2, 2020

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long and does not print any numbers on the first trading day of the year. UTIL prints a 863 handle, 863.666 to be exact. Still for this week, tomorrow, the stock market will be in trouble if UTIL drops below the 862.90 bull-bear line in the sand. UTIL is at 867 after it came down to take a look at the 863-ish today (that Keybot identified ahead of time). For all of next week, UTIL 876.46 is the bull-bear line in the sand, thus, the closing price tomorrow at 4 PM EST provides a heads-up for Monday and next week. If UTIL finishes the week sub 876.46, stocks will be in trouble next week.

Bears need higher volatility and weaker retail stocks and copper. Bears need the VIX above 14.32 if they want to growl. Bulls will be partying all weekend long if they rally the utes on Friday and UTIL finishes above 876.46. Bears will be plotting carnage, pain and misery for the stock market next week if UTIL finishes Friday below 876.46. The caution flag remains out since the price action is erratic and unstable. The beat goes on.

1/5/20; 7:00 PM EST =
1/1/20; Begin 2020 Data Set = +88; signal line is +71; go long 3231; (Benchmark SPX for 2020 = 0%)(Keybot algo this trade = 0%; Keybot algo for 2020 = 0%)(Actual results this trade = 0%; Actual results for 2020 = 0%)

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