Wednesday, May 29, 2019


Keybot the Quant remains short and prints four numbers today. The SPX lost the 2781.50 level ushering in market mayhem. At the end of the day, however, the bulls push the SPX to 2783 above the critical 2781.50 bull-bear line in the sand.

The bears need SPX below 2781.50 which will create market carnage. The bulls need stronger commodities, banks and NYA index; GTX above 2539, XLF above 26.92 and NYA above 12473, respectively. If 1 of the 3 flip bullish, the caution flag will be out and if 2 of the 3 turn bullish the imminent turn to the long side notation will be in the title line.

For now, the bears rule the stock market with the algo number 25 points below the signal line. The bulls will recover if they can hold the SPX 2781.50 support. If 2781.50 fails, it is over for the stock market. Note that utilities are in collapse.

5/31/19; 10:00 AM EST =
5/29/19; 3:40 PM EST = -6; signal line is +19
5/29/19; 1:53 PM EST = -20; signal line is +21
5/29/19; 1:10 PM EST = -6; signal line is +23
5/29/19; 11:20 AM EST = -20; signal line is +24
5/28/19; 3:59 PM EST = -6; signal line is +27

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