Thursday, February 6, 2020

STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long and did not print any numbers yesterday. The bulls are pumping retail stocks, banks and chips higher providing lift to the broad stock market. Bears obviously need to weaken these sectors or they got nothing.

Bulls will keep the party going with low volatility and higher copper. Bulls need VIX below 13.85 and/or CPER above 16.90. The VIX is currently trading at 15.33 and copper futures are up +0.4% about 4-1/2 hours before the opening bell for the US regular Thursday trading session. Copper was far higher a few hours ago.

Thus, the path forward and higher for the bulls and the stock market will only continue with lower volatility and higher copper.

2/9/20; 7:00 PM EST =
2/7/20; 9:00 AM EST =
2/4/20; 9:36 AM EST = +56; signal line is +29; go long 3288; (Benchmark SPX for 2020 = +1.8%)(Keybot algo this trade = -1.2%; Keybot algo for 2020 = +0.7%)(Actual trading results this trade = -1.2%; Actual trading results for 2020 = +7.8%)

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