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

Keybot the Quant remains long but the banks fail to prove that up is the path ahead. XLF comes up to bump its head exactly on the 32.78 that Keybot the Quant identified and called out ahead of time. Do not forget to support the blogs, especially all of you cheapskates, to continue the information.

XLF 32.79 is the bull/bear line in the sand today that tells you if the rally is real, or not. XLF begins at 32.74 only a nickel away from a major bull victory that will guarantee upside ahead for stocks. If XLF jumps into the bull camp, the imminent turn notation can be removed from the title line. In the premarket, XLF is trading at....... wait for it .......... wait a bit longer for it ........ no, you have to wait a bit longer ....... 32.78. The XLF 32.79 line in the sand tells you everything you need to know going forward.

Bears need NYA below 15150 that will usher in pain for stocks.

It is all about the financials, especially the banks, and XLF 32.79. As banks go, so goes the stock market. 

5/21/23; 7:00 PM EST =
5/17/23; 12:32 PM EST = -5; signal line is -12; go long 4137; (Benchmark SPX for 2023 = +7.7%)(Keybot algo this trade = -0.8%; Keybot algo for 2023 = -0.1%)(Actual results this trade = -0.8%; Actual results for 2023 = +1.6%)