Saturday, November 2, 2019

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long. The S&P 500 prints a new all-time record high at 3066.95 and new all-time record closing high at 3066.91 on Friday, 11/1/19. November begins with new stock market record highs. The 3067 is the highest number the SPX has ever printed in stock market history.

The bulls goosed commodities and copper to catapult stocks higher on Friday. Bears cannot stop the upside rally until they weaken these two parameters. The bulls are in control of the stock market direction currently but the caution flag remains out.

Trader complacency, fearlessness and euphoria are off-the-charts. Floor traders formed a conga line at the NYSE yesterday singing songs and buying stocks with reckless abandon. The stock market is one big party day after day and everyone, even Aunt Tillie who is typically skeptical of Wall Street, believes higher and higher prices are ahead through the end of the year.

11/3/19; 7:00 PM EST =
11/1/19; 9:36 AM EST = +88; signal line is +77

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