Friday, June 5, 2020

STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long idling all week without printing any numbers thus far. The pre-scheduled number prints in a few hours. The bulls remain in charge with the algo number 35 points above the signal line. Were you watching UTIL? Price came up to 836 knocking on that 839 door and then fails down to 814. Keep watching it.

Bulls need stronger utes, stronger commodities and a higher NYA Index. Bulls need UTIL above 839, GTX above 1697 and NYA above 12623, respectively. Any one of these parameters moving into the bull camp will create guaranteed upside for stocks. Two will create huge upside and all three will send stocks to new all-time highs.

The bears must keep those three parameters in their camp while pushing volatility higher and copper lower. The table is set. Will the meal be hot or cold?

6/7/20; 7:00 PM EST =
6/5/20; 9:00 AM EST =
5/31/20; 7:00 PM EST EOM = +7; signal line is -28
5/29/20; 10:00 AM EST = +7; signal line is -30

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