Sunday, September 27, 2020

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is on the long side with the bulls in charge and the algo number 50 points above the signal line. Despite this huge spread, the caution flag remains out due to the crazy and wild swings in the stock market over the last week.

Bulls need stronger utilities, banks and commodities and lower volatility. UTIL begins at the 808 palindrome and the bulls will be celebrating if price tags the 828 palindrome. Bulls need GTX above 1723 which is only 6 bucks away. Bulls enjoy the VIX at 26.38 below the key bull-bear line in the sand at 27.46 which creates lift in the stock market.

Bears need weaker utilities, chips, retail stocks, copper and higher volatility. Bears need UTIL below 771 this week to create market weakness. Bears need CPER below 18.33 and it begins the week only 9 pennies above so watch copper futures overnight. Bears need VIX above 27.46 or they got nothing.

Keybot prints four pre-scheduled numbers during the week ahead. September ends on Wednesday which is EOM and EOQ3 and October trading begins on Thursday.

10/4/20; 7:00 PM EST =
10/2/20; 10:00 AM EST =
10/2/20; 9:00 AM EST =
9/30/20; 7:00 PM EST EOM EOQ3 =
9/29/20; 10:00 AM EST =
9/27/20; 7:00 PM EST = +20; signal line is -30
9/25/20; 1:39 PM EST = +20; signal line is -31

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