Monday, April 22, 2019

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long as the new week of trading is set to begin. Copper futures are trading -0.4% lower. The bears need CPER below 18.02, now at 18.30, which represents a -1.5% drop. So the bears will have to push a little harder.

If CPER turns bearish, and the SPX drops under 2892, Keybot will likely flip short. The S&P 500 begins the week at 2905. S&P futures are down -8 about 3-1/2 hours before the opening bell for the Monday regular trading session. VIX 13.25.

The algorithm remains at the maximum +100 level representing historic economic and market times.

4/28/19; 7:00 PM EST =
4/26/19; 10:00 AM EST =
4/21/19; 7:00 PM EST = +100; signal line is +89
4/19/19; 9:00 AM EST = +100; signal line is +87

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.