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

Keybot the Quant remains long as the market drama continues. The circus is in full swing this week with the UK election, ECB meeting and former FBI Director Comey testimony on Capitol Hill. Keybot was champing at the bit go short but all of the internal parameters would not latch so the algo remains long and the algo number is now back above the signal line. The banks rallied strong which was a direct punch to the bear's face.

Copper also rallied which was a kick in the bear's pants. The battle for market direction is most impacted currently by copper and volatility. Both are in the bull camp creating the upside and new highs in stocks. Market bears must either push JJC under 29.38 and/or VIX above 11.62 to create market selling. If JJC drops under 29.38 and the SPX drops under 2428, Keybot will likely flip short, hence the imminent turn notation remains in the title line. Copper, however, is up +1% as this is typed.

Market bulls need stronger commodities to push stocks higher. GTX above 2268 will create more upside strength in the stock market but price languishes down at 2149. Bears would benefit from lower banks, if XLF falls under 23.56, but price is at a lofty 23.84 after yesterday's rally. The beat goes on.

6/11/17; 7:00 PM EST =

6/8/17; 10:05 AM EST = +86; signal line is +71

6/7/17; 1:30 PM EST = +70; signal line is +71 but algorithm remains long

6/7/17; 12:53 PM EST = +54; signal line is +71 but algorithm remains long

6/7/17; 11:58 AM EST = +70; signal line is +71 but algorithm remains long

6/5/17; 3:03 PM EST = +54; signal line is +70 but algorithm remains long