Wednesday, July 19, 2017

STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long as stock indexes continue printing record all-time highs. The algo has been idling sideways all week thus far but starting at lunch time today goes wild printing seven numbers. The pre-scheduled number printed before the opening bell. It is always interesting to see Keybot sleeping and not printing numbers and then all of a sudden begin printing numbers like a madman.

The bulls remain in control with the algo number 27 points above the signal line. Note the +100 print which is maxed out to the upside. The bullish euphoria does not get any better than a +100.

Everything is going the bull's way and RTH above 80.68 (now at 80.55) will continue sending stocks into the stratosphere. It is all about retail stocks on Thursday.

The market bears need RTH to remain under 80.68, GTX to move under 2207.08 (now at 2209.02), XLF under 24.32 and/or VIX above 11.44. Keybot likely wants to see at least 2 of the three (GTX, XLF and VIX) parameters to turn bearish to flip the model short.

Retail stocks and commodities rule the roost. Bulls win with higher retail stocks. Bears win with lower commodities. The beat goes on.

7/23/17; 7:00 PM EST =
7/19/17; 2:47 PM EST = +84; signal line is +57
7/19/17; 1:57 AM EST = +100; signal line is +55
7/19/17; 1:47 PM EST = +86; signal line is +53
7/19/17; 1:37 PM EST = +70; signal line is +52
7/19/17; 1:13 PM EST = +86; signal line is +52
7/19/17; 12:31 PM EST = +70; signal line is +50
7/19/17; 11:52 AM EST = +86; signal line is +49
7/19/17; 9:00 AM EST = +70; signal line is +49
7/16/17; 7:00 PM EST = +70; signal line is +48

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