Sunday, December 2, 2018


Keybot the Quant remains long with the new week of trading set to begin. The bulls are driving the bus with the algo number 25 points above the signal line. The bulls are cruising. The algo number should jump even higher in the opening minutes of trading Monday morning because UTIL will be above 731.08 an important bull-bear level for the week ahead.

The bulls are on easy street with UTIL above 731.08. Going forward, you can tell that the upside stock market rally has additional legs higher if either SOX moves above 1246 or RTH above 104.26. The upside in equities may stall if the chips and retail stocks do not join the bullish party.

The bears need UTIL to drop below 731, CPER below 17.34, XLF below 26.79 and/or SPX below 2752. There are lots of moving parts in the market right now. The S&P 500 begins at 2760 so pay close attention to that 2752 level; bulls are happy above 2752 while bears will begin growling strongly under 2752.

Keybot prints two pre-scheduled numbers this week both on Friday morning. President's Trump and Xi agree to delay further implementation of increased tariffs so the markets should view that positively.

12/9/18; 7:00 PM EST =
12/7/18; 10:00 AM EST =
12/7/18; 9:00 AM EST =
12/2/18; 7:00 PM EST EOM = +10; signal line is -15
11/30/18; 3:13 PM EST = +10; signal line is -16

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