STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long as the markets chop along before and after the Fed meeting today.  Stagflation is the word of the day; the potential for inflation and high unemployment a la the 1970's. The Fed is between a rock and a hard place. They have their "Back Against the Wall" as Son Volt sings. No time to be unwound, with darkness at your doorstep, keep your feet on the ground.

The bulls need stronger banks and lower volatility to send stocks to the moon. Bulls need XLF above 50.02, it knocked on the door today, and/or VIX below 16.89 now with a 19 handle. If both turn bullish, stocks will be catapulting higher.

Bears need to keep banks weak and volatility high while pushing SPX below 5666, NYA below 19295 and/or GTX below 3719. Bears likely need 2 of the 3 parameters to turn bearish to flip the quant to the short side.

The above parameters tell you how the broad stock market will move. In addition, watch utilities tomorrow and Friday. UTIL 1003.65, call it 1004, is a key bull/bear line in the sand for all of next week. Therefore, the closing price on Friday is important. UTIL is at 1014 now. If UTIL remains above 1004 and the week ends, that tells you that the stock market will be strong at the start next week. If UTIL falls below 1004 over the next two days and remains below to end the week, that tells you that stocks will be soggy to begin next week. 

The bulls are in charge and cruising with the algo number 32 points above the signal line. Over the coming days, bulls must push VIX below 16.89. If not, any rally that had occurred will reverse and fall apart.

3/23/25; 7:00 PM EST =
3/19/25; 2:48 PM EST = -18; signal line is -50
3/18/25; 9:36 AM EST = -32; signal line is -51
3/18/25; 9:00 AM EST = -18; signal line is -52
3/17/25; 1:39 PM EST = -18; signal line is -53