Thursday, January 19, 2023

STOCK MARKET BULLISH -- LONG -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains long as a crazy week is off and stumbling. The quant has printed 10 numbers today alone and another hour of trading remains. The bulls and bears are battling on the tightrope with the algo number and signal line both at +30. Flip a coin.

Stock market direction is dictated by commodities and banks in the bull camp and utes and retail stocks in the bear camp. One of them will flinch and determine the direction ahead.

Bears need GTX under 3497 and XLF under 34.66 to create market carnage.

Bulls need UTIL above 977 and RTH above 163.01 to signal the all-clear for more upside with stocks.

Banks pop this afternoon with XLF up to 34.94. Watch GTX 3497 and RTH 163.01. The commodities and retail stocks will likely identify the winner going forward. For now, the battle continues and it is a Mexican standoff. One of them will flinch.

1/22/23; 7:00 PM EST =
1/19/23; 12:08 PM EST = +30; signal line is +30 but algorithm remains long
1/19/23; 11:38 AM EST = +14; signal line is +29 but algorithm remains long
1/19/23; 11:23 AM EST = +0; signal line is +29 but algorithm remains long
1/19/23; 11:22 AM EST = +14; signal line is +29 but algorithm remains long
1/19/23; 11:14 AM EST = +30; signal line is +29
1/19/23; 10:48 AM EST = +14; signal line is +27 but algorithm remains long
1/19/23; 10:07 AM EST = +30; signal line is +25
1/19/23; 9:51 AM EST = +16; signal line is +24 but algorithm remains long
1/19/23; 9:36 AM EST = +30; signal line is +22
1/19/23; 9:00 AM EST = +32; signal line is +21
1/18/23; 2:16 PM EST = +32; signal line is +19
1/18/23; 11:13 AM EST = +46; signal line is +17
1/17/23; 2:20 PM EST = +62; signal line is +13
1/17/23; 12:30 PM EST = +48; signal line is +10
1/17/23; 9:36 AM EST = +62; signal line is +7
1/15/23; 7:00 PM EST = +48; signal line is +5

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