Keybot the Quant remains long. Just as Lucy pulls the football away as Charlie Brown is about to kick it, the bulls snatch away the bears hopes with a positive Jobs Report. Commodities leap higher driving the S&P 500 to new record highs. The SPX prints a new all-time record high at 3063.82 and the day has only started. Bears are running for their lives creating short-covering fuel. The bulls want to party today and through the weekend.
Bears need weaker commodities, copper and retail stocks if they want to create negativity.
Bingo. The S&P 500 motors higher to 3063.96 the highest number ever printed in history.
11/3/19;
7:00 PM EST =
11/1/19;
9:36 AM EST = +88; signal line is +77
11/1/19;
9:00 AM EST = +74; signal line is +76 but algorithm remains long
10/31/19;
7:00 PM EST EOM = +74; signal line is +76 but algorithm remains long
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