STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long. The bulls goose utilities and commodities to create more upside during the past week. The bulls are in charge with the algo number 48 points above the signal line.

The bulls are having a big party in their camp with AI the center of the orgy and the Fed members dancing and singing Kumbaya around the campfire. The bulls need UTIL above 954 to guarantee a long and huge summer party for stocks.

Bears need UTIL below 888 for the holiday-shortened week ahead which is a big ask. US markets are closed Monday for the Juneteenth holiday but humorously, most of you are slaves having to get up and go to work each day.

For the last week of June, the UTIL 888 number will be meaningless and replaced with 923 a harder number for the bulls to stay above. UTIL price is at 925 already identifying the 923 as a more important number and it can be assessed at 4 PM EST on Friday, 6/23/23, for a heads-up for the last week of the month.

The first week in July will have a UTIL comparison number at 910 and then the following 15-wk lookback numbers are higher. Thus, over the coming days and couple weeks, watch UTIL 910-923. It is a bullish signal if UTIL can remain above 910-923. However, if UTIL loses the 910-923 range in the week ahead, or by the end of the month, it likely portends a major crash on tap for the stock market to begin anytime in July and August.

In addition to weaker utes, the bears need weaker copper and commodities to take back the stock market football. A higher US dollar will sink commodities and visa versa.

6/18/23; 7:00 PM EST =
6/16/23; 10:00 AM EST = +46; signal line is -2
6/16/23; 9:36 AM EST = +46; signal line is -4
6/15/23; 12:13 PM EST = +32; signal line is -6
6/15/23; 10:39 AM EST = +16; signal line is -9
6/15/23; 10:02 AM EST = +32; signal line is -11
6/14/23; 1:35 PM EST = +16; signal line is -14
6/14/23; 9:49 AM EST = +32; signal line is -15
6/13/23; 9:36 AM EST = +16; signal line is -18