Thursday, September 5, 2019

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long and did not print any numbers in the Wednesday session. Stocks continue floating higher. Bears need weaker chips and NYA index. Bulls need stronger banks, copper and commodities, and lower volatility. One of these parameters will flinch and identify the stock market direction ahead. Copper was left for dead but it comes back to life this week. The bulls need XLF and/or CPER to pop +0.8% to +1.0% today to launch the stock market higher. Copper futures are up +0.6% currently.

9/6/19; 9:00 AM EST =
9/3/19; 3:21 PM EST = +24; signal line is +13

No comments:

Post a Comment

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