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

Keybot the Quant remains long as the roller coaster ride continues. Just call me The Roller. The bulls are in charge buy only by a measly 3 points. XLF 41.02 is the bull/bear line in the sand identified by the robot and price is ...... wait for it ....... no, you really should wait for it......... wait a bit longer ........ 41.02. As financials go, so goes the stock market and banks are trading soggy after the stress test results so it appears that XLF may fail at the opening bell tomorrow morning.

If XLF fails below 41.02 and the SPX drops below 5452, Keybot the Quant will likely flip short hence the imminent turn notation is in the title line. This represents about a 26 point drop in S&P futures so if you see this in the morning, and the banks are sh*tting the bed, you know the day will be ugly for stocks.

Weaker copper is providing bear energy. CPER must remain below 27.79 to keep the stock market negativity going.

Commodities and volatility are two other parameters the quant is now tracking. Both are creating bullishness in the stock market currently but if GTX loses 3670 or VIX pops above 13.89, there will be Hell to pay in the stock market. If banks fail, then GTX and VIX fail, you will see huge numbers to the downside with stocks.

The bulls simply have to keep XLF above 41.02 in the morning and they will continue to control the show. If the banks fail out of the gate tomorrow, you can picture the stock market stumbling backwards and beginning to fall down the cellar steps.

XLF 41.02 and SPX 5452 tell you everything you need to know about the US stock market. Easy-peasy.

The bulls and bears will face each other in battle tomorrow; just like the Civil War days when the blue battled the gray. A lonely harmonica playing Shenandoah echoes across the valley as the bears plot their attack strategy against the banksters and the bulls try to figure a way to keep the XLF elevated.

6/30/24; 7:00 PM EST EOM EOQ2 EOH1 =
6/28/24; 10:00 AM EST =
6/26/24; 3:58 PM EST = +45; signal line is +42
6/26/24; 3:47 PM EST = +29; signal line is +41 but algorithm remains long
6/26/24; 2:54 PM EST = +45; signal line is +41
6/26/24; 9:58 AM EST = +29; signal line is +40 but algorithm remains long
6/25/24; 10:00 AM EST = +45; signal line is +40
6/23/24; 7:00 PM EST = +46; signal line is +39
6/21/24; 9:36 AM EST = +46; signal line is +39
6/20/24; 9:39 AM EST = +62; signal line is +39
6/20/24; 9:00 AM EST = +46; signal line is +39
6/18/24; 3:42 PM EST = +46; signal line is +38