STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long as America wrestles through the election drama. Joe Biden is named the 46th President of the United States but President Trump refuses to concede.

From election day (11/3/20) forward, the bulls are pumping chips, banks, retail stocks and commodities higher while slapping volatility lower. Stocks rocket launch higher. The bulls are in charge of stock market direction with the algo number 28 points above the signal line. The bulls are cruising. Bulls need stronger commodities to keep the party going. Bulls need GTX above 1722 (now at 1705) and that will create a strong leg higher in equities.

The bears are going to try and create negativity by smacking banks lower and pushing volatility higher; XLF below 24.58 (now at 24.96) and VIX above 26.84 (now at 24.86), respectively. If 1 of the 2 parameters turn bearish, the stock market will roll over with a downward bias. If both parameters turn bearish, consider the imminent turn to the short side to be in play, and then if the SPX drops below 3484 trending lower, Keybot will likely flip short.

Keybot prints one pre-scheduled number this week on Friday the 13th a superstitious day. It will be interesting to see how markets react to the new President-Elect Biden and the lame-duck President Trump who is hiding in the Lincoln Bedroom refusing to concede.

11/15/20; 7:00 PM EST =
11/13/20; 10:00 AM EST =
11/8/20; 7:00 PM EST = +59; signal line is +31
11/6/20; 10:16 AM EST = +59; signal line is +31
11/6/20; 9:53 AM EST = +45; signal line is +31
11/6/20; 9:00 AM EST = +59; signal line is +32
11/5/20; 9:30 AM EST = +59; signal line is +32
11/5/20; 4:53 AM EST = +73; signal line is +32
11/4/20; 11:48 AM EST = +59; signal line is +32
11/3/20; 9:56 AM EST = +45; signal line is +32; go long 3360; (Benchmark SPX for 2020 = +4.0%)(Keybot algo this trade = +1.8%; Keybot algo for 2020 = +24.0%)(Actual trading results this trade = +1.4%; Actual trading results for 2020 = +44.0%)