Keybot the Quant remains short as the bulls party like its 1999, a la Prince, into the weekend. The algo number is 10 points above the signal line so the quant is champing at the bit to flip back to the long side but the robot did not bite on Friday. That was surprising considering the strength of the rally.
The stock market metrics are all in the bull camp so once you get to the top of the mountain, where do you go from there? The fire tower. Equities climb the fire tower at the top of the mountain on Friday but where do they go from there? Once two strangers went up to good ole Rocky Top but they ain't never been seen again.
The bulls keep VIX below the key 19.74 line in the sand so the stock market remained buoyant. However, as the SPX played around with breaking out to new highs at a key level, price could not push higher. Thus, it is same-o, same-o. VIX 19.74 will tell you who wins and loses.
Bears got nothing and will likely have to give the ball back to the bulls if the VIX does not pop above 19.74.
4/26/26;
7:00 PM EST =
4/24/26;
10:00 AM EST = +68; signal line is +58 but algorithm remains short
4/23/26;
3:12 PM EST = +68; signal line is +57 but algorithm remains short
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