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

Keybot the Quant remains long as the market antics continue. The algo printed 8 numbers last Thursday and is champing at the bit to go short with the algo number 5 points below the signal line, however, the internal parameters will not fully latch to permit the move. If the SPX drops below 2574 tomorrow (Tuesday), Keybot will likely flip short, hence the imminent turn notation is in the title line. Market bears would benefit from a slow steady move lower with the stock market and not a gap down since this may delay the algorithm from flipping short.

Keybot is tracking two parameters that are most greatly impacting broad stock market direction; volatility and the banks. VIX is at 11.50 above the 10.66 bull-bear line identified by Keybot so the bears are happy. XLF is at 26.12 above the 26.00 bull-bear line in the sand so the bulls are happy. One of these 2 parameters will flinch and that will dictate stock market direction. Bears will cheer if XLF drops under 26.00. Bulls will throw confetti if VIX drops under 10.66. As the banks go, so go the markets. Copper is also key. Watch JJC 34.88. Price is at 35.65 on the bull side so Doctor Copper creates lift in the stock market.

Keybot prints a pre-scheduled number this week on Friday morning. The sideways choppy slop continues. The S&P 500 has basically moved through the 2565-2595 range for the last month. The beat goes on.

11/19/17; 7:00 PM EST =

11/17/17; 9:00 AM EST =

11/13/17; 9:54 AM EST = +86; signal line is +91 but algorithm remains long

11/13/17; 9:36 AM EST = +70; signal line is +91 but algorithm remains long

11/12/17; 7:00 PM EST = +86; signal line is +92 but algorithm remains long

11/10/17; 10:00 AM EST = +86; signal line is +92 but algorithm remains long

11/10/17; 8:58 AM EST = +86; signal line is +93 but algorithm remains long

11/9/17; 3:55 PM EST = +100; signal line is +93

11/9/17; 1:24 PM EST = +86; signal line is +93 but algorithm remains long

11/9/17; 12:19 PM EST = +70; signal line is +93 but algorithm remains long

11/9/17; 11:28 AM EST = +86; signal line is +94 but algorithm remains long

11/9/17; 10:58 AM EST = +100; signal line is +95

11/9/17; 10:43 AM EST = +86; signal line is +95 but algorithm remains long

11/9/17; 10:03 AM EST = +100; signal line is +94

11/9/17; 9:36 AM EST = +86; signal line is +94 but algorithm remains long

11/5/17; 7:00 PM EST = +100; signal line is +95