STOCK MARKET BULLISH -- LONG -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains long but interestingly, the algo number slips below the signal line setting-up the algorithm to go short. If the SPX drops below 2827 (beginning the week at 2840), Keybot will likely flip to the short side.

Bulls need stronger commodities, GTX above 2712.80, to take the stock market higher. Last Thursday, GTX teased a break-out higher but fell backwards. The same behavior occurred on Friday.

Bears need weaker chips and utilities, SOX under 1362.50 and UTIL under 712.05, respectively, to take the stock market lower. Utilities may play a key role in stock market direction for the week ahead. If UTIL falls below 712.05, and then drops under 708.68, stocks will be falling like rocks. Keybot does not print any pre-scheduled numbers this week.

8/12/18; 7:00 PM EST =

8/5/18; 7:00 PM EST = +70; signal line is +71 but algorithm remains long

8/3/18; 11:34 AM EST = +70; signal line is +70 but algorithm remains long

8/3/18; 10:31 AM EST = +84; signal line is +69

8/3/18; 10:19 AM EST = +70; signal line is +69

8/3/18; 10:09 AM EST = +84; signal line is +69

8/3/18; 9:00 AM EST = +70; signal line is +68

8/2/18; 1:05 PM EST = +70; signal line is +67