Thursday, December 12, 2019

STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long. Federal Reserve Chairman Powell flaps his dovish wings sending stocks higher. The wealthy elite dance with glee watching stock portfolios grow ever larger. Such is the crony capitalism system.

Interestingly, volatility remained in the bear camp for the entire day yesterday until the final three minutes of trading. The bulls then came in and jammed the VIX lower. The central bankers maintain their jack boots on the throat of volatility to send equities higher and perform the bidding of Wall Street's investment banks. The beat goes on.

The bulls are in control with the algo number 36 points above the signal line. The bears need higher volatility and weaker retail stocks to position the quant to go short. Bears need VIX above 15.20 and RTH below 117.97. The VIX is currently trading at 14.90 making for happy bulls.

ECB President Lagarde speaks in about 4-1/2 hours which will move global markets. The central bankers are the market.

12/15/19; 7:00 PM EST =
12/11/19; 3:59 PM EST = +88; signal line is +52
12/9/19; 3:09 PM EST = +74; signal line is +52

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