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

Keybot the Quant remains long as the stock market staggers sideways like a drunk in Times Square on Saturday night. The pre-scheduled number prints and the bulls remain in charge with the algo number 14 points above the signal line. Bulls need stronger commodities and utilities to send stocks higher. Bears need weaker banks and higher volatility to send stocks lower.

Bulls need GTX above 1685. Commodities will need the US dollar to weaken to move higher. Bears need XLF below 23.50 to end the stock market rally. Bears need VIX above 36.40 to create serious downside selling pressure. If the XLF turns bearish, and the SPX drops below 3108 trending lower, Keybot will likely flip short. If the VIX turns bearish, volatility will likely need to jog above and below the 36.40 level a couple of times, plus the SPX dropping below 3108, to flip Keybot short. If both XLF and VIX turn bearish, Keybot will likely flip short since stocks will be dropping like rocks, hence, the caution flag and imminent turn notation is in the title line. If GTX remains bearish and XLF and VIX bullish, like the last couple days, the stock market will chop sideways without yet committing to a direction forward.

Watch the commodities, banks and volatility since they are dictating stock market direction currently. If the banks are weak in the pre-market on Thursday morning, that will hint that Keybot may flip short during the session.

6/21/20; 7:00 PM EST =

6/17/20; 9:00 AM EST = +7; signal line is -7

6/15/20; 12:59 PM EST = +7; signal line is -7; go long 3041; (Benchmark SPX for 2020 = -5.9%)(Keybot algo this trade = +5.0%; Keybot algo for 2020 = +19.6%)(Actual trading results this trade = +9.6%; Actual trading results for 2020 = +26.1%)