Saturday, August 15, 2020

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long. The algo had a sleepy week only printing 6 numbers and one was pre-scheduled. The bulls are in control with the algo number 7 points above the signal line. The bears needed weaker copper on Friday but did not get it. Copper was goosed higher so stocks could not drop. Utilities are below the key UTIL 835.50 line in the sand which helps the bears.

Bulls need stronger utilities while bears need weaker copper and commodities. Copper and the utes remain key for Monday since these two parameters are the biggest influencers on stock market direction currently.

8/16/20; 7:00 PM EST =
8/14/20; 10:00 AM EST = +53; signal line is +46
8/13/20; 10:34 AM EST = +53; signal line is +46

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