Keybot the Quant remains long as stocks continue higher on fiscal stimulus hype. The bulls are in charge of stock market direction with the algo number 33 points above the signal line a big margin. The quant did not print any numbers on Friday. The bulls are cruising.
Bears need higher volatility to stop the equity rally. Bears need VIX above 27.10 and it is currently trading at 25.59 up this morning along with S&P futures up +7 so one of them is wrong. Bears need weaker copper and commodities so watch the US dollar closely this week.
Keybot prints one pre-scheduled number this week on Friday morning. The stimulus bill news is moving stocks up and down. Traders believe a stimulus deal will occur after the election if not sooner.
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