Sunday, September 1, 2019

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is long when US trading resumes on Tuesday morning. US markets are closed on Monday for the Labor Day holiday. The bulls are in control with the algo number 15 points above the signal line.

Bulls need stronger banks, XLF above 27.17, and/or stronger commodities, GTX above 2431, to prove that stocks want to rally strongly higher.

Bears need weaker semi's, SOX below 1476, and/or NYA below 12551, to regain control of the stock market.

The choppy sideways slop continues chewing up bulls and bears alike. Keybot prints a pre-scheduled number on Friday. The trading month of August ended on Friday, EOM, so September trading begins on Tuesday morning with the SPX at 2926.

9/8/19; 7:00 PM EST =
9/6/19; 9:00 AM EST =
9/1/19; 7:00 PM EST EOM = +24; signal line is +9
8/30/19; 10:00 AM EST = +24; signal line is +8

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